Why is Blue Jet Health falling/rising?

As of 08-Aug, Blue Jet Healthcare Ltd's stock price is currently at 800.95, reflecting an increase of 22.25, or 2.86%. The stock has shown positive momentum, gaining 5.19% over the last two days and outperforming its sector by 3.5% today. Despite a decline of 8.49% over the past month, the stock has delivered impressive year-to-date returns of 41.15% and a remarkable 64.25% over the past year, significantly outpacing the broader market, which has only seen a 2.20% increase during the same period. The company has demonstrated strong long-term fundamentals, with a healthy growth rate in net sales and operating profit, alongside a low debt-to-equity ratio, which supports its recent price rise.
In the broader market context, while the stock has performed well, the benchmark Sensex has experienced a decline of 0.92% over the past week and a negative return of 4.60% over the past month. This contrast highlights Blue Jet Healthcare's resilience and ability to generate positive returns even when the market is underperforming. The stock's liquidity remains adequate for trading, although there has been a slight decrease in investor participation, as indicated by a drop in delivery volume. Overall, the combination of strong financial performance, positive quarterly results, and a solid market position contributes to the stock's upward movement despite some short-term volatility.