Why is Aster DM Health. falling/rising?

As of 13-Aug, Aster DM Healthcare Ltd is experiencing a price increase, currently at 615.75, reflecting a rise of 12.5 or 2.07%. The stock has shown a strong performance recently, gaining 6.23% over the last three days and outperforming the benchmark Sensex, which has remained flat at -0.01% over the past week. Despite underperforming its sector by 1.76% today, the stock is trading above its moving averages across various time frames, indicating a positive trend. However, the company has faced challenges, including negative results for the last three consecutive quarters, with significant declines in both PAT and net sales. Additionally, the company's weak long-term fundamentals, highlighted by a negative CAGR growth in operating profits and a high Debt to EBITDA ratio, may be contributing to investor caution.
Broader Market Context: In the context of the broader market, Aster DM Healthcare's recent performance contrasts with the Sensex, which has seen a decline of 0.01% over the past week. The stock has outperformed the benchmark in the longer term, with a year-to-date return of 19.87% compared to the Sensex's 3.07%. Despite these positive metrics, the high percentage of pledged promoter shares and the company's declining profitability could pose risks in a volatile market environment. Overall, while the stock has shown resilience and positive short-term movements, underlying fundamental weaknesses may temper investor enthusiasm.