Why is Blue Jet Health falling/rising?

As of 18-Jul, Blue Jet Healthcare Ltd's stock price is rising, currently at Rs 1,012.00, reflecting an increase of 40.9 points or 4.21%. The stock has recently hit a new 52-week high of Rs 1,021.5 and has outperformed its sector by 4.53%. Over the past week, the stock has gained 11.48%, and in the last month, it has risen by 14.69%. The company has demonstrated strong performance with a net profit growth of 11.23% and has reported outstanding results for the last three consecutive quarters. Despite a high valuation indicated by a Price to Book Value of 15.5, the stock's performance remains robust, generating a remarkable 145.04% return over the past year, significantly outpacing the broader market, which has only seen a 0.51% increase.
In the broader market context, Blue Jet Healthcare's short-term performance has been notably strong compared to the benchmark Sensex, which has declined by 0.90% over the past week. The stock's rising investor participation, with a 30.29% increase in delivery volume, indicates growing interest among retail investors, although there is a slight decline in institutional investor participation. This dynamic suggests that while retail investors are optimistic about the company's prospects, institutional investors may have reservations, potentially due to the company's slower long-term growth rates in net sales and operating profit. Overall, the combination of strong recent performance, positive financial results, and high management efficiency contributes to the stock's upward movement.