Why is Medico Remedies falling/rising?

As of 03-Sep, Medico Remedies Ltd is experiencing a price increase, with the current price at 40.06, reflecting a change of 0.87 or 2.22% upward. The stock has outperformed its sector today by 0.98%, and its delivery volume has significantly increased by 70.33% compared to the 5-day average, indicating rising investor participation. Over the past week, the stock has risen by 1.06%, and in the last month, it has gained 3.97%. Despite a year-to-date decline of 26.40%, the company shows strong fundamentals, including a low Debt to EBITDA ratio of 0.94 times and a healthy operating profit growth rate of 42.16%. Positive financial results, such as a 31.62% increase in PAT and a 24.19% rise in net sales, further support the stock's recent upward movement, although there is a concern regarding decreasing promoter confidence as they have reduced their stake by 1.2%.
In the broader market context, Medico Remedies has outperformed the Sensex, which has declined by 0.27% over the past week. This contrast highlights the stock's relative strength amidst a challenging market environment. While the stock has underperformed on a year-to-date basis compared to the Sensex, its recent performance and positive financial indicators suggest a potential recovery. However, the reduction in promoter stake may raise concerns about future business confidence, which could impact investor sentiment moving forward.