Why is Tilaknagar Inds. falling/rising?

As of 31-Oct, Tilaknagar Industries Ltd is experiencing a price increase, currently at 528.20, reflecting a rise of 16.0 or 3.12%. The stock has recently hit a new 52-week and all-time high of Rs. 550, demonstrating strong performance with a 7.38% intraday increase. Over the past week, the stock has gained 11.59%, outperforming the sector by 3.71%. Additionally, the company has shown consistent positive results, with a net profit growth of 121.05% and healthy long-term growth indicated by an annual operating profit increase of 36.43%. However, there is a noted decline in investor participation, with delivery volume decreasing by 9.72% against the 5-day average, which could be a concern for future momentum.
Broader market context shows that while Tilaknagar Industries has outperformed the Sensex over various periods, including a 25.05% year-to-date return compared to the Sensex's 7.42%, the overall market sentiment may be affecting trading volumes. The stock's high institutional holdings at 23.26% suggest confidence from larger investors, which can be a stabilizing factor. Despite the stock's impressive returns, it is trading at a high valuation with a Price to Book Value of 11.6, which may raise concerns among some investors about its sustainability in the long term.