Why is Medplus Health falling/rising?

As of 14-Aug, Medplus Health Services Ltd is experiencing a price increase, currently at Rs 813.35, which reflects a rise of 9.0 or 1.12%. Today's performance indicates a positive trend as the stock has outperformed its sector by 0.7% and has gained after two consecutive days of decline. The stock reached an intraday high of Rs 829, marking a 3.06% increase. Despite a 4.31% decline over the past week and a 6.89% drop over the past month, the stock has shown resilience with a 27.68% return over the past year, significantly outpacing the market's average performance. Key financial indicators, such as a 39.91% annual growth in operating profit and a 96.19% increase in PAT over the last six months, support a healthy long-term outlook for the company.
In the broader market context, while the Sensex has remained relatively flat with a -0.03% change over the past week and a -2.01% change over the past month, Medplus's recent performance stands out. The stock's ability to generate a 27.68% return over the last year, in contrast to the BSE500's negative return of -0.57%, highlights its market-beating performance. The stock is currently trading at a discount compared to its peers, which, along with a favorable PEG ratio of 0.4, suggests attractive valuation metrics that may be contributing to the recent upward movement in price.