Why is Indrapr.Medical falling/rising?

As of 31-Oct, Indraprastha Medical Corporation Ltd's stock is rising, with a current price of Rs 603.90, reflecting an increase of Rs 13.1 or 2.22%. The stock has been performing strongly, gaining 7.11% over the last three days and is currently trading close to its 52-week high, just 3.58% away from Rs 625.5. It has outperformed its sector by 3.49% today and is trading above all key moving averages, indicating a strong upward trend. Additionally, the stock has shown impressive returns over various periods, including a 48.12% increase over the past year and a staggering 752.36% over the last three years. The company has demonstrated high management efficiency with a return on equity (ROE) of 18.90% and has maintained a low debt-to-equity ratio, contributing to its healthy long-term growth.
In the broader market context, Indraprastha Medical's short-term return of +10.95% over the past week significantly outpaces the Sensex, which has seen a slight decline of -0.32%. This strong performance is supported by rising investor participation, as evidenced by a 509.66% increase in delivery volume compared to the five-day average. The company has consistently reported positive results for the last 13 quarters, with record net sales and operating profit margins, further solidifying investor confidence. Overall, the stock's robust performance, coupled with positive financial indicators and a favorable market position, contributes to its rising price.