Why is Virat Industries falling/rising?

As of 04-Jul, Virat Industries Ltd is experiencing a price increase, currently at Rs. 619.05, reflecting a rise of 21.4 points or 3.58%. The stock has recently hit a new 52-week and all-time high of Rs. 622.25, and it has outperformed its sector by 2.76%. Over the past six days, the stock has gained 24.54%, and it is trading above all key moving averages, indicating strong momentum. However, despite these positive movements, there are concerns regarding the company's long-term fundamental strength, as it has shown a -29.80% CAGR growth in operating profits over the last five years, and its return on equity is relatively low at 4.54%.
In the broader market context, Virat Industries has significantly outperformed the benchmark Sensex, with a 1-week return of +23.82% compared to the benchmark's -0.74%. Over the last month, the stock has also outpaced the Sensex, gaining +26.85% against the index's +3.01%. This strong performance in both the short and long term highlights investor confidence, despite the noted weaknesses in profitability and debt servicing capabilities. The stock's liquidity remains adequate, but a notable decline in delivery volume suggests a potential decrease in investor participation, which could impact future price movements.