Why is Medico Remedies falling/rising?

As of 30-Jun, Medico Remedies Ltd's stock price is currently at Rs 41.74, reflecting an increase of Rs 1.67 or 4.17%. The stock has shown a trend reversal, gaining after two consecutive days of decline, and it outperformed its sector by 3.48% today. Despite this positive movement, the stock has experienced significant declines over the past week and month, with returns of -15.21% and -23.76%, respectively. Additionally, while the company has strong financial metrics, such as a low Debt to EBITDA ratio of 0.94 and impressive growth in operating profit, concerns about its valuation persist, as indicated by a high Enterprise value to Capital Employed ratio of 4.8 and a PEG ratio of 1.6. Furthermore, a decrease in promoter stake by 3.04% may signal reduced confidence in the company's future prospects.
In the broader market context, Medico Remedies' recent performance contrasts sharply with the Sensex, which has gained 2.09% over the past week and 2.65% over the past month. This underperformance highlights the stock's volatility and the challenges it faces despite today's uptick. The stock's year-to-date performance is also concerning, with a decline of 23.31% compared to the Sensex's 7.00% increase. Overall, while the recent price increase may reflect a temporary recovery, the underlying factors suggest that Medico Remedies is navigating a complex landscape that includes both positive operational results and negative market sentiment.