Why is Venus Remedies falling/rising?

As of 17-Jul, Venus Remedies Ltd is experiencing a price increase, currently at Rs. 550.95, which reflects a rise of 26.2 points or 4.99%. The stock has reached a new 52-week high today and has outperformed its sector by 4.57%. Over the past four days, the stock has gained 19.82%, and it opened with a gain of 4.99% today. It is also trading above its moving averages across various time frames, indicating strong momentum. The company has shown impressive financial performance, with a net profit growth of 99.81% and positive results for the last two consecutive quarters, contributing to its attractive valuation and consistent returns over the past three years.
In the broader market context, Venus Remedies has significantly outperformed the benchmark Sensex, which has seen a decline of 1.12% over the past week while the stock itself has risen by 19.00%. This stark contrast highlights the stock's strong performance relative to the market. Despite the positive indicators, it is worth noting that domestic mutual funds hold no stake in the company, which may suggest a lack of confidence in the stock's current valuation or business prospects. However, the overall positive financial metrics and consistent returns are likely driving investor interest and contributing to the stock's upward movement.