Why is Health.Global falling/rising?

As of 23-Sep, Healthcare Global Enterprises Ltd is experiencing a price increase, currently at 660.90, reflecting a rise of 10.2 points or 1.57%. The stock has outperformed its sector today by 2.04% and has shown consecutive gains over the last two days, with a total return of 1.86% during this period. Despite a slight decline of 1.91% over the past week and 1.85% over the past month, the stock has demonstrated strong long-term performance, with a year-to-date increase of 35.37% and a remarkable 60.10% rise over the past year. However, it is important to note that while the stock has generated significant returns, its profits have fallen by 24.9%, and it has a high Debt to EBITDA ratio of 3.91 times, indicating potential weaknesses in long-term fundamental strength.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has outperformed the BSE500 over the last three years, one year, and three months. While the stock has shown resilience and liquidity, with a notable increase in delivery volume, the high proportion of pledged promoter shares (88%) raises concerns about its stability in a falling market. The stock's attractive valuation, trading at a discount compared to peers, may provide some support; however, the weak fundamentals and declining profits could exert downward pressure on the stock's price in the long run.