Why is Blue Jet Health falling/rising?

As of 06-Oct, Blue Jet Healthcare Ltd's stock price is currently at Rs 682.40, reflecting an increase of Rs 18.6 or 2.8%. The stock has been on an upward trend, gaining for the last three days and achieving a total return of 8.26% during this period. It has outperformed its sector by 3.36% today and reached an intraday high of Rs 683.6. In terms of longer-term performance, the stock has shown a year-to-date increase of 20.26% and a remarkable 37.71% rise over the past year, significantly outperforming the broader market, which has only generated a 0.12% return in the same timeframe. The company's strong fundamentals, including a healthy growth in net sales and operating profit, alongside a low debt-to-equity ratio, contribute positively to its stock performance.
In the broader market context, while the BSE500 index has experienced negative returns of -1.93% over the past year, Blue Jet Healthcare Ltd has managed to deliver substantial positive returns, indicating its resilience and strong market position. The stock's recent performance is further supported by rising investor participation, as evidenced by an increase in delivery volume. The company's solid financial results, including a significant growth in profit after tax and net sales, reinforce investor confidence, contributing to the stock's upward movement despite the overall market challenges.