Why is Medplus Health falling/rising?

As of 30-Jul, Medplus Health Services Ltd's stock price is rising, currently at Rs 933.00, reflecting an increase of Rs 18.55 or 2.03%. The stock has shown a positive trend, gaining 3.81% over the last two days, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite underperforming its sector by 4.57% today, the stock has outperformed the broader market with a year-to-date return of 11.80% compared to the Sensex's 4.28%. The company has reported strong financial performance, with a net profit growth of 11.88% and a significant increase in profits over the past year, contributing to its attractive valuation.
Broader Market Context: In the context of the broader market, Medplus Health has demonstrated resilience, achieving a return of 38.78% over the past year while the BSE500 index has declined by 2.34%. This performance indicates that the stock is gaining investor confidence despite a challenging market environment. The rising investor participation, evidenced by a substantial increase in delivery volume, further supports the stock's upward movement. Overall, Medplus Health's strong financial results and positive market sentiment have contributed to its rising stock price.