Why is Health.Global falling/rising?

As of 30-Jul, Healthcare Global Enterprises Ltd is experiencing a price increase, currently at Rs 618.60, which reflects a change of 31.2 or 5.31% upward. The stock has shown strong performance, with a notable rise of 9.45% over the past week and 10.86% over the past month, significantly outperforming the Sensex, which has declined by 1.50% and 2.54% in the same periods, respectively. The stock is also close to its 52-week high, just 2.94% away, and has been gaining consistently for the last two days, with a total return of 9.36% during this period. Additionally, the stock is trading above all its moving averages, indicating a positive trend, and has seen a substantial increase in investor participation, with delivery volume rising by 180.06% against the 5-day average.
In the broader market context, the stock's performance has been exceptional, with a year-to-date return of 26.71% compared to the Sensex's 4.28%. This strong performance is supported by healthy long-term growth, as indicated by an annual operating profit growth rate of 49.27%, and an attractive valuation relative to its peers. Despite a slight decline in profits over the past year, the stock's ability to generate a return of 71.81% while outperforming the BSE500 in various time frames highlights its resilience and appeal to investors. Overall, the combination of strong recent performance, positive investor sentiment, and favorable valuation metrics contributes to the stock's upward movement.