Why is Blue Jet Health falling/rising?

As of 09-Jul, Blue Jet Healthcare Ltd is experiencing a price increase, with its current price at Rs 913.45, reflecting a rise of Rs 38.15 or 4.36%. The stock has shown strong performance today, outperforming its sector by 3.9% and reaching an intraday high of Rs 920, which is a 5.11% increase. Over the past week, Blue Jet Healthcare has generated a return of 8.84%, significantly higher than the Sensex's modest gain of 0.15%. The company has demonstrated robust financial health, with a high return on equity of 26.94% and consistent positive results over the last three quarters, including a substantial net profit growth of 87.6% in the most recent quarter. However, it is worth noting that investor participation has declined, with delivery volume falling by 40.52% against the five-day average.
In the broader market context, Blue Jet Healthcare's short-term performance has significantly outpaced the benchmark, as evidenced by its 8.84% return over the past week compared to the Sensex's 0.15%. The stock's impressive annual return of 112.33% also stands in stark contrast to the market's 3.96% gain over the same period, indicating strong market-beating performance. Despite this, 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, which may temper future expectations. Nonetheless, the stock's current valuation appears attractive relative to its peers, contributing to its upward price movement.