Why is Bajaj Healthcare falling/rising?

As of 23-Sep, Bajaj Healthcare Ltd's stock price is currently at 463.65, reflecting an increase of 43.0, or 10.22%. Today's performance indicates a significant turnaround, as the stock has gained after four consecutive days of decline, outperforming its sector by 10.57%. The stock reached an intraday high of Rs 485.95, showcasing a wide trading range of Rs 65.55. Over the past week, the stock has risen by 6.33%, while it has generated an 18.95% return over the past year, significantly outperforming the broader market, which has seen negative returns. Positive factors contributing to this rise include a strong operating profit to interest ratio, substantial growth in profit after tax, and an increase in institutional investor participation, which suggests growing confidence in the company's fundamentals.
Broader Market Context: In the context of the broader market, Bajaj Healthcare's recent performance stands out as it has managed to generate an 18.95% return over the past year, while the benchmark Sensex has declined by 3.33%. This divergence highlights the stock's resilience despite a generally unfavorable market environment. 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 last five years. Despite this, the stock's current valuation appears attractive compared to its peers, which may be driving recent interest and investment.