Why is Aster DM Health. falling/rising?

As of 19-Sep, Aster DM Healthcare Ltd's stock price is rising, currently at 651.25, reflecting an increase of 36.95 or 6.01%. The stock has shown strong performance today, outperforming its sector by 6.2% and gaining after two consecutive days of decline. It is trading close to its 52-week high, just 3.52% away from 674.15, and has touched an intraday high of 658, marking a 7.11% increase. Over the past year, the stock has generated a remarkable return of 55.63%, significantly outperforming the broader market, as evidenced by its returns over various periods, including a 26.78% increase year-to-date and a 161.23% rise over three years. However, the company has faced challenges, including negative results in the last three quarters and a decline in operating profits, which may weigh on investor sentiment.
In the broader market context, Aster DM Healthcare's short-term return of 3.13% over the past week surpasses the Sensex's gain of 0.88%, indicating a strong relative performance. Despite this, the company's long-term fundamentals raise concerns, particularly with a negative compound annual growth rate in operating profits and a high debt-to-EBITDA ratio. The stock's valuation appears expensive relative to its profitability, and the significant pledge of promoter shares could add downward pressure in adverse market conditions. While the stock has been liquid and has seen increased investor participation, the combination of weak fundamentals and recent negative financial results suggests a cautious outlook moving forward.