Why is Times Guaranty falling/rising?

As of 24-Jul, Times Guaranty Ltd is experiencing a price increase, currently at Rs 194.20, reflecting a rise of Rs 7.2 or 3.85%. The stock has shown strong performance today, outperforming its sector by 4.59% and reversing a two-day decline with a significant opening gain of 5.32%. It reached an intraday high of Rs 196.95 and is trading above its moving averages across various time frames. Over the past week, the stock has gained 11.10%, while its one-year return stands at 49.33%, significantly outperforming the BSE500 index. However, there are concerns regarding falling investor participation, as delivery volume has decreased by 78.79% compared to the five-day average. Additionally, despite the strong returns, the company has a weak long-term fundamental strength with an average Return on Equity (ROE) of 6.13% and a high Price to Book Value ratio of 3.7, indicating a potentially expensive valuation.
In the broader market context, Times Guaranty has significantly outperformed the Sensex, which has seen a slight decline of 0.09% over the past week. The stock's robust performance in comparison to the benchmark highlights its relative strength in the market. While the stock has delivered impressive returns over the past year and three years, concerns about its long-term growth prospects and high valuation compared to peers may temper investor enthusiasm moving forward.