Why is Virat Industries falling/rising?

As of 03-Jul, Virat Industries Ltd is experiencing a price increase, currently at Rs. 597.65, reflecting a rise of 22.1 or 3.84%. The stock has shown strong performance, gaining 20.24% over the past week and 22.44% over the last month, significantly outperforming the Sensex, which has seen a decline of 0.62% in the same week. Today, the stock reached a new 52-week high of Rs. 604.3 and has been on a consecutive gain streak for the last five days. However, there is a noted decline in investor participation, with delivery volume dropping by 86.52% against the five-day average. Despite this, the stock's long-term performance remains impressive, with a staggering 231.66% return over the past year, although it faces challenges such as weak long-term fundamental strength and high valuation metrics.
In the broader market context, Virat Industries has outperformed the benchmark indices, particularly in the short term, where it has achieved a return of 20.24% compared to the Sensex's decline. This strong performance is set against a backdrop of weak operating profit growth and low return on equity, which may raise concerns among investors regarding the sustainability of such gains. While the stock has shown remarkable returns over various periods, the company's fundamentals suggest potential risks that could impact future performance, indicating a complex scenario for investors weighing the stock's recent rise against its underlying financial health.