Why is Bajaj Healthcare falling/rising?

As of 11-Sep, Bajaj Healthcare Ltd's stock price is currently at Rs 431.50, reflecting an increase of Rs 4.0 or 0.94%. The stock has outperformed its sector by 0.47% today, reaching an intraday high of Rs 438.8, which is a 2.64% increase. However, despite this positive movement, the stock has shown a decline of 4.37% over the past month and a significant drop of 25.99% year-to-date. On a more positive note, the company has demonstrated strong management efficiency with a high return on capital employed (ROCE) of 16.44%, and its profits have increased by 42.7% in the latest quarter. Additionally, institutional investors have raised their stake in the company, indicating growing confidence in its fundamentals.
Broader Market Context: In the context of the broader market, Bajaj Healthcare's recent performance contrasts with the benchmark Sensex, which has gained 1.03% over the past week and 1.17% over the past month. While the stock has generated a return of 10.05% over the past year, the overall market has seen negative returns of -2.29% in the same timeframe. This suggests that despite the stock's recent uptick, it has struggled significantly in the longer term, particularly with poor growth in net sales and operating profit over the last five years. The stock's current valuation appears attractive compared to its peers, but the long-term growth concerns may continue to weigh on investor sentiment.