Why is Health.Global falling/rising?

As of 04-Sep, Healthcare Global Enterprises Ltd is experiencing a price increase, currently at Rs 694.85, reflecting a rise of 3.4 (0.49%). The stock has recently hit a new 52-week high of Rs 710.95 and has shown a positive performance over the last three days, gaining 3.83% during this period. Despite underperforming its sector by 0.38% today, the stock is trading above its moving averages across various time frames, indicating a strong upward trend. Additionally, the stock has demonstrated impressive returns over the past year, with a 73.93% increase, although its profits have declined by 24.9%. The company's attractive valuation, trading at a discount compared to peers, and a significant rise in investor participation, with delivery volume increasing by 483.95%, further support its recent price movement.
In the broader market context, the stock's short-term performance of +3.56% over the past week significantly outpaces the Sensex, which has only risen by 0.80%. This strong relative performance highlights the stock's resilience and appeal among investors, particularly given its long-term outperformance against the BSE500 over various periods. However, it is important to note that the company faces challenges, including a high Debt to EBITDA ratio and a substantial proportion of pledged promoter shares, which could exert downward pressure in adverse market conditions. Despite these concerns, the stock's recent gains suggest that investor sentiment remains positive, driven by its historical performance and current valuation metrics.