Why is Medico Remedies falling/rising?

As of 10-Nov, Medico Remedies Ltd is experiencing a price increase, currently at Rs 51.50, reflecting a rise of Rs 1.55 or 3.1%. The stock has shown a positive trend today, outperforming its sector by 2.05% and reversing a two-day decline. It reached an intraday high of Rs 52.44, marking a 4.98% increase. Over the past week, the stock has gained 3.10%, while its performance over the last month is also positive at 2.81%. Despite a year-to-date decline of 5.38%, the company has demonstrated strong fundamentals, including a low Debt to EBITDA ratio of 0.94 times and significant growth in operating profit at an annual rate of 42.16%. However, the stock has underperformed over the past year with a return of -11.68%, despite a 20.7% increase in profits, indicating a potentially expensive valuation.
Broader market context shows that while Medico Remedies has outperformed the sector recently, it has lagged behind the broader market, which has generated a return of 3.81% over the past year. The stock's recent performance contrasts with the Sensex, which has seen a slight decline of 0.53% over the past week. Additionally, the reduction in promoter confidence, as evidenced by a 1.21% decrease in their stake, may contribute to market skepticism about the company's future prospects. Overall, while the stock is currently rising, its long-term performance and valuation concerns could weigh on investor sentiment.