Why is IVP falling/rising?

As of 01-Jul, IVP Ltd's stock price is currently at 199.25, reflecting an increase of 7.9, or 4.13%. The stock has been on an upward trend, gaining 12.86% over the past week and outperforming its sector by 5.41% today. It opened with a gain of 2.25% and reached an intraday high of Rs 207.05. Additionally, IVP is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Despite a year-to-date decline of 4.85% and a profit drop of 7.9% over the past year, the company has shown healthy long-term growth potential with an annual operating profit increase of 42.85% and an attractive valuation compared to its peers.
In the broader market context, the Sensex has increased by 2.00% over the past week, which highlights IVP's strong performance relative to the benchmark. While the stock has underperformed year-to-date compared to the Sensex's 7.11% gain, its recent price movements suggest a recovery phase, driven by rising investor participation and liquidity. The stock's positive momentum, combined with its attractive valuation and the support of majority shareholders, indicates a favorable outlook despite previous profit declines.