Why is Artemis Medicare falling/rising?

As of 12-Nov, Artemis Medicare Services Ltd is experiencing a price increase, with its current price at 272.30, reflecting a change of 21.15 or 8.42% upward. The stock has shown strong performance recently, gaining 11.94% over the last four days and outperforming its sector by 8.83% today. It reached an intraday high of Rs 282.9, indicating robust trading activity with a wide range of Rs 27.85. Additionally, the stock is trading above its moving averages across various time frames, and there has been a significant increase in investor participation, with delivery volume rising by 170.01% compared to the five-day average. The company has also reported positive results for the last seven consecutive quarters, with operating profit growing at an annual rate of 49.66%, contributing to its favorable valuation.
In the broader market context, Artemis Medicare's short-term return of 11.05% over the past week significantly outpaces the Sensex, which has only increased by 1.21% in the same period. While the stock has underperformed year-to-date with a decline of 13.25%, its long-term performance remains strong, with a remarkable 266.49% increase over three years. The company's attractive valuation, evidenced by a Price to Book Value of 4.5 and a PEG ratio of 0.9, suggests that it is trading at a discount compared to its peers, which may further support investor confidence and contribute to its recent price rise.