Why is Blue Jet Health falling/rising?

As of 12-Sep, Blue Jet Healthcare Ltd's stock price is currently at Rs 716.85, reflecting an increase of Rs 34.1 or 4.99%. Today's price summary indicates that the stock has outperformed its sector by 3.94% and has experienced a trend reversal, gaining after two consecutive days of decline. Despite this recent uptick, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week and month, the stock has seen declines of 3.68% and 7.60%, respectively, but it has shown strong year-to-date growth of 26.33% and a significant 41.54% increase over the past year. The company's solid fundamentals, including a strong return on equity of 26.94% and consistent growth in net sales and operating profit, support its recent price movement. However, the stock's valuation is considered expensive, with a price-to-book ratio of 11, and there has been a slight decrease in institutional investor participation.
Broader market context shows that while Blue Jet Healthcare has outperformed the broader market, which has generated negative returns of -3.45% over the last year, the stock's recent performance contrasts with its short-term declines. The Sensex has increased by 1.48% over the past week, indicating that the stock's short-term performance has lagged behind the benchmark. Despite this, the company's strong long-term fundamentals and recent positive quarterly results suggest that investor confidence may be returning, contributing to the stock's rise today.