Why is Medplus Health falling/rising?

As of 29-Jul, Medplus Health Services Ltd is experiencing a price increase, currently at Rs 914.45, reflecting a rise of Rs 15.7 or 1.75%. The stock has shown strong performance today, outperforming its sector by 0.63% and reaching an intraday high of Rs 924.75, which is a 2.89% increase. Over the past week, the stock has gained 0.34%, and over the past month, it has risen by 1.23%. Notably, Medplus has demonstrated consistent positive results, with a net profit growth of 11.88% and a significant increase in profits over the past year, contributing to a return of 34.79%. The stock is also trading above all key moving averages, indicating a bullish trend, and has seen a rise in investor participation, with delivery volume increasing by 66.04% compared to the 5-day average.
In the broader market context, while the Sensex has declined by 1.03% over the past week and 3.24% over the past month, Medplus has managed to outperform these benchmarks, showcasing its resilience in a challenging market environment. The stock's year-to-date performance is particularly strong, with a return of 9.58% compared to the Sensex's 4.09%. This outperformance is further highlighted by the stock's attractive valuation metrics, including a PEG ratio of 0.6, which suggests it is undervalued relative to its earnings growth. Overall, Medplus's strong financial results and positive market sentiment contribute to its rising stock price amidst broader market challenges.