Why is Bajaj Healthcare falling/rising?

As of 01-Sep, Bajaj Healthcare Ltd's stock price is currently at Rs 426.00, reflecting an increase of Rs 4.0 or 0.95%. Today, the stock has shown a trend reversal, gaining after seven consecutive days of decline, and it outperformed its sector by 0.98%. The stock reached an intraday high of Rs 430.55, indicating a positive movement within the day. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a longer-term bearish trend. Despite a negative return of -9.10% over the past month, the stock has generated a positive return of 9.94% over the past year, while profits have increased significantly by 59.9%. The recent increase in institutional investor participation, with a 0.68% rise in their stake, may also contribute to the stock's upward movement.
In the broader market context, Bajaj Healthcare's recent performance contrasts with the benchmark Sensex, which has seen a decline of 1.56% over the past week. While the stock has underperformed the benchmark in the short term, it has managed to outperform the broader market over the past year, where the BSE500 index has generated negative returns of -4.75%. This suggests that despite some short-term challenges, the stock's ability to generate positive returns over a longer period may attract investors looking for value, especially given its attractive valuation compared to peers and strong management efficiency indicators.