Why is VTM falling/rising?

As of 08-Jul, VTM Ltd's stock price is rising, currently at Rs 119.47, reflecting an increase of Rs 5.47 or 4.8%. The stock has shown strong performance, with a 1-week return of 17.37% and a remarkable 1-year return of 327.41%. Today's price summary indicates that the stock opened with a gain of 3.89% and reached an intraday high of Rs 119.47, which is only 2.66% away from its 52-week high. Despite a decrease in investor participation, as evidenced by a 31.88% drop in delivery volume compared to the 5-day average, the stock is trading above all key moving averages, suggesting a bullish trend. The company's solid financial performance, including a 45.68% annual growth in operating profit and consistent positive results over the last four quarters, supports the stock's upward movement. However, the stock's high valuation, indicated by a Price to Book Value of 3.9, may raise concerns among some investors.
In the broader market context, VTM Ltd has significantly outperformed the benchmark Sensex, which has only increased by 0.02% over the past week, while VTM's return stands at 17.37%. This stark contrast highlights the stock's strong market position and investor confidence. Despite the high returns and growth metrics, the lack of domestic mutual fund investment may suggest some caution among institutional investors regarding the stock's valuation. Overall, the combination of strong financial results, positive market sentiment, and significant outperformance relative to the benchmark contributes to the stock's rising price.