Why is Blue Jet Health falling/rising?

As of 04-Jul, Blue Jet Healthcare Ltd is experiencing a price increase, currently at Rs 898.90, which reflects a rise of 40.6 points or 4.73%. The stock has shown strong performance today, outperforming its sector by 4.77% and achieving a consecutive gain over the last two days with a total return of 7.11%. It reached an intraday high of Rs 906.7, and is trading above all key moving averages, indicating positive momentum. Additionally, the stock has seen increased investor participation, with delivery volume rising by 18.13% compared to the five-day average. Over the past year, Blue Jet Healthcare has delivered an impressive return of 112.51%, significantly outpacing the broader market's return of 4.23%.
In the broader market context, Blue Jet Healthcare's short-term return of 3.68% over the past week contrasts sharply with the Sensex, which has declined by 0.74%. This divergence highlights the stock's strong performance relative to the market. The company's high management efficiency, as evidenced by a return on equity of 26.94%, and consistent growth in net profit, further bolster investor confidence. However, there are concerns regarding long-term growth, as net sales have only grown at an annual rate of 14.60% over the last five years, and the stock is considered expensive relative to its historical valuations. Despite these risks, the stock's current upward movement is supported by its solid recent financial performance and market position.