Why is Tilaknagar Inds. falling/rising?

As of 18-Aug, Tilaknagar Industries Ltd is experiencing a rise in its stock price, currently at Rs 514.20, reflecting an increase of Rs 14.1 or 2.82%. The stock has recently hit a new 52-week and all-time high of Rs 529.4, indicating strong performance with a day’s high of 5.86%. Over the past week, the stock has outperformed the Sensex, gaining 8.71% compared to the benchmark's 0.83%. Additionally, the stock has shown impressive long-term growth, with a 127.82% return over the past year and a staggering 577.47% over three years. Positive factors contributing to this rise include a significant growth in net profit of 121.05% and consistent positive results over the last five quarters, alongside a healthy operating profit margin. In the broader market context, Tilaknagar's recent performance stands out as it has outpaced the Sensex in both short-term and long-term returns. While the stock has shown remarkable growth, there are concerns regarding its valuation, as it is considered expensive with a price-to-book value of 11.3, and 35% of promoter shares are pledged, which could pose risks in a declining market. Despite these risks, the stock remains liquid and continues to attract investor interest, bolstered by its strong financial results and market-beating performance.