Why is VTM falling/rising?

As of 04-Jul, VTM Ltd's stock price is rising, currently at Rs. 116.95, reflecting an increase of 4.91 (4.38%). The stock has recently hit a new 52-week high of Rs. 117.1 and has shown strong performance, gaining 34.27% over the last eight days. It has outperformed its sector by 3.56% today and opened with a gain of 2.63%. Over various periods, VTM has demonstrated impressive returns, including a 323.30% increase over the past year and a staggering 556.29% over the last three years. The company's strong financial performance, with consistent growth in net sales and operating profit, along with a low debt-to-equity ratio, supports the positive momentum. However, the stock's high valuation, indicated by a Price to Book Value of 3.8, raises concerns about its sustainability.
In the broader market context, VTM's short-term performance significantly outpaces the benchmark, as it has risen 26.64% over the past week while the Sensex has declined by 0.74%. This stark contrast highlights the stock's strong market position and investor confidence, despite the lack of domestic mutual fund investment, which could suggest some caution among institutional investors. The liquidity of the stock is also favorable, with a notable increase in delivery volume, indicating rising investor participation. Overall, VTM's robust growth metrics and recent price movements reflect a strong upward trend, distinguishing it from the broader market's performance.