Why is Medi Assist Ser. falling/rising?

As of 09-Jul, Medi Assist Healthcare Services Ltd is experiencing a price increase, currently at Rs 558.60, which reflects a rise of Rs 6.5 or 1.18%. The stock has shown strong performance recently, with a consecutive gain over the last two days, resulting in a total increase of 6.05%. It has outperformed its sector by 1.14% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has seen a significant increase in delivery volume, rising by 256.26% compared to the 5-day average. The company's strong long-term fundamentals, indicated by an average Return on Equity (ROE) of 16.79%, and high institutional holdings at 56.17% suggest that informed investors are confident in its potential, contributing positively to the stock's recent upward movement.
In the broader market context, Medi Assist's short-term performance over the past week has been notably strong, with a return of +7.40%, significantly outperforming the Sensex, which only increased by +0.15% during the same period. While the stock has underperformed year-to-date with a decline of -3.69% compared to the Sensex's +6.91%, its recent gains indicate a potential recovery trend. The overall market sentiment appears to be favorable for Medi Assist, as evidenced by its rising investor participation and liquidity, which further supports the stock's upward trajectory amidst a generally stable market environment.