Why is Z-Tech (India) falling/rising?

As of 15-Sep, Z-Tech (India) Ltd is experiencing a price increase, currently at 595.75, reflecting a rise of 8.4 or 1.43%. The stock has outperformed its sector by 0.75% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, Z-Tech has shown a return of 4.92%, and over the past month, it has increased by 8.36%. The company has demonstrated strong financial performance, with net sales growing at an annual rate of 45.50% and operating profit at 204.13%. Additionally, the company has reported positive results for the last three consecutive quarters, with a significant increase in profit after tax and net sales. However, despite these positive indicators, there is a notable decline in investor participation, with delivery volume falling by 66.88% against the 5-day average.
In the broader market context, Z-Tech's performance stands out as it has generated a return of 63.15% over the past year, while the benchmark BSE500 has seen a decline of 3.45%. This significant outperformance highlights the company's resilience in a challenging market environment. However, the stock's high valuation, indicated by a price-to-book value of 37.2 and a return on equity of 88.8, raises concerns about its sustainability. Furthermore, the absence of domestic mutual fund investment may suggest a lack of confidence at current price levels, which could impact future price movements.