Why is Medplus Health falling/rising?

As of 31-Jul, Medplus Health Services Ltd is currently priced at 929.20, reflecting a decrease of 3.8 or 0.41%. The stock has experienced a trend reversal, falling after two consecutive days of gains, and opened the day with a loss of 2.19%, reaching an intraday low of Rs 912.55. Despite this decline, Medplus Health has shown positive performance over the past week and month, with returns of 4.28% and 4.43%, respectively. The company has reported strong financial results, including a net profit growth of 11.88% and a significant increase in profits over the past year, contributing to its attractive valuation. Additionally, the stock is trading above its moving averages, and there has been a rise in investor participation, indicating ongoing interest despite the current price drop.
In the broader market context, while Medplus Health has generated a return of 36.38% over the past year, the benchmark Sensex has experienced a decline of 0.68%. This indicates that Medplus has outperformed the market significantly, even as it faces a short-term setback. The stock's performance remains strong compared to the broader market, which has seen negative returns, suggesting that the recent decline may be more of a temporary fluctuation rather than a reflection of underlying weakness in the company's fundamentals.