Why is Fischer Medical falling/rising?

As of 24-Jul, Fischer Medical Ventures Ltd is experiencing a slight increase in its stock price, currently at 976.00, reflecting a change of 1.0 or 0.1% upward. The stock has recently hit a new 52-week high of Rs.980 and has been on a positive trajectory, gaining for the last four consecutive days with a total return of 7.33% during this period. Over the past year, the company has generated a remarkable 54.66% return, significantly outperforming the BSE500 index in each of the last three annual periods. Additionally, the stock is trading above all its moving averages, indicating strong momentum. The rising investor participation, evidenced by a 40.18% increase in delivery volume, further supports the stock's upward movement.
In the broader market context, Fischer Medical's short-term performance of +1.15% over the past week stands in stark contrast to the Sensex, which has seen a minor decline of -0.09%. This indicates that the stock is not only performing well on its own but is also gaining traction relative to the overall market. The company's low debt-to-equity ratio and consistent returns over the last three years contribute positively to investor sentiment, reinforcing the stock's upward trend amidst a generally stable market environment.