Why is Global Health falling/rising?

As of 21-Aug, Global Health Ltd's stock price is rising, currently at 1,391.80, reflecting an increase of 14.5 or 1.05%. The stock has shown strong performance recently, gaining 3.63% over the last three days and outperforming its sector by 1.37% today. It opened with a significant gain of 4.4% and reached an intraday high of Rs 1,437.9. Additionally, the stock has demonstrated impressive returns over various periods, including a year-to-date increase of 28.51% and a one-year return of 28.88%, significantly outpacing the broader market, which has only seen a 1.35% increase in the same timeframe. The company benefits from high management efficiency, a low debt-to-equity ratio, and strong institutional holdings, which contribute positively to investor sentiment.
In the broader market context, while the Sensex has generated a return of only 1.74% over the past week, Global Health's performance of 1.22% indicates a slight underperformance relative to the benchmark in that timeframe. However, the stock's long-term performance is noteworthy, especially given that it has outperformed the BSE500 index, which has seen negative returns of -1.56% over the last year. Despite its strong performance, the stock is considered expensive with a high price-to-book value and a PEG ratio of 3.5, which may pose risks for future growth. Nonetheless, the rising investor participation and consistent gains suggest a positive outlook for the stock in the near term.