Why is Indrapr.Medical falling/rising?

As of 30-Jul, Indraprastha Medical Corporation Ltd's stock price is currently at Rs 473.00, reflecting an increase of Rs 8.0 or 1.72%. The stock has been gaining momentum, having outperformed its sector by 1.83% today and achieving a consecutive gain over the last two days with a total return of 5.23%. The stock reached an intraday high of Rs 483.95, indicating strong investor interest. Additionally, the stock has shown a significant long-term performance, with a remarkable return of 74.86% over the past year, despite a year-to-date decline of 9.54%. The company's strong fundamentals, including a high return on equity (ROE) of 19.57%, low debt-to-equity ratio, and consistent positive results over the last 12 quarters, contribute to its recent price movement.
In the broader market context, the stock's short-term performance contrasts with the benchmark Sensex, which has declined by 1.50% over the past week. While the stock has faced a slight dip of 2.57% over the past month, its strong historical performance over three years, with a return of 703.06%, highlights its resilience and attractiveness to investors. The rising investor participation, as evidenced by a 21.43% increase in delivery volume, further supports the stock's upward trajectory. Overall, the combination of positive financial metrics and recent gains suggests that investor confidence in Indraprastha Medical Corporation Ltd remains strong, contributing to its rising stock price.