Why is Bajaj Healthcare falling/rising?

As of 16-Sep, Bajaj Healthcare Ltd is experiencing a price increase, currently at 436.05, reflecting a rise of 9.05 or 2.12%. The stock has outperformed its sector today by 1.84% and has shown consecutive gains over the last two days, accumulating a total return of 2.36%. It reached an intraday high of Rs 443.85, indicating strong performance. Despite a decline of 4.36% over the past month and a year-to-date drop of 25.21%, the stock has generated a notable return of 13.85% over the past year, supported by a significant growth in profits of 59.9%. The company's attractive valuation, indicated by a high operating profit to interest ratio and a low PEG ratio of 0.7, suggests that it is trading at a discount compared to its peers, which may be contributing to the recent positive price movement.
In the broader market context, the stock's short-term return of 1.86% over the past week has outperformed the Sensex, which has gained 1.58% in the same period. This performance is particularly noteworthy given that the overall market has faced negative returns of -2.93% over the last year, while Bajaj Healthcare has managed to deliver positive returns. The increasing participation of institutional investors, who have raised their stake in the company, further supports the stock's upward momentum, as these investors typically have more resources to analyze company fundamentals. However, it is important to note that the company has faced challenges in long-term growth, with net sales and operating profit showing minimal growth over the past five years, which could pose risks moving forward.