Why is Health.Global falling/rising?

As of 03-Sep, Healthcare Global Enterprises Ltd's stock is rising, with a current price of Rs 691.45, reflecting an increase of Rs 20.25 or 3.02%. The stock has recently hit a new 52-week and all-time high of Rs 706.4, demonstrating strong performance today as it outperformed its sector by 1.24%. Over the past week, the stock has gained 0.74%, and in the last month, it has risen by 12.99%. Despite a significant year-on-year return of 77.18%, the company has faced challenges, including a 24.9% decline in profits over the past year. Additionally, while the stock is trading at attractive valuations compared to its peers, it has a high Debt to EBITDA ratio and a low average Return on Capital Employed, which may raise concerns among investors.
Broader market context shows that while Healthcare Global Enterprises Ltd has outperformed the Sensex in the short term, with a 3.02% increase compared to the benchmark's decline of 0.27% over the past week, the overall market sentiment may still be cautious due to the company's high proportion of pledged promoter shares and recent negative financial results. The stock's liquidity remains adequate for trading, but a significant drop in delivery volume indicates a potential decrease in investor participation. This combination of strong short-term performance against a backdrop of fundamental weaknesses may contribute to the stock's rising price, even as some investors remain wary.