Why is Artemis Medicare falling/rising?

As of 19-Nov, Artemis Medicare Services Ltd is experiencing a price increase, with its current price at Rs 288.00, reflecting a rise of Rs 5.35 or 1.89%. The stock has shown strong performance recently, gaining 6.98% over the past week and outperforming its sector by 1.23% today. It has been on a consecutive gain streak for the last three days, reaching an intraday high of Rs 288.4. The stock is trading above its moving averages across various time frames, indicating positive momentum. Additionally, the company has demonstrated a strong ability to service debt, with a low Debt to EBITDA ratio of 1.34 times, and has reported healthy long-term growth with an operating profit growth rate of 82.15%. The recent positive financial results, including a net profit increase of 41.51% and consistent positive results over the last seven quarters, have contributed to investor confidence.
In the broader market context, Artemis Medicare's short-term return of 6.98% over the past week significantly outpaces the Sensex, which has only increased by 0.85% in the same period. While the stock has faced challenges in the longer term, with a year-to-date return of -8.25% compared to the Sensex's 9.02%, its recent performance indicates a potential turnaround. The company's attractive valuation, trading at a discount compared to peers, and a PEG ratio of 1.7 suggest that investors may see value in the stock despite its lower return on equity of 9.51%. Overall, the combination of strong recent performance, positive financial indicators, and favorable comparisons to the benchmark has led to the stock's upward movement.