Why is Niva Bupa Health falling/rising?

As of 16-Jul, Niva Bupa Health Insurance Company Ltd is experiencing a price increase, with its current price at 89.84, reflecting a change of 0.96 or 1.08% upward. The stock has outperformed its sector by 1.31% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has risen by 0.80%, and over the past month, it has shown a significant increase of 9.64%. Despite a notable drop in delivery volume by 68.18% against the 5-day average, the company has demonstrated strong long-term fundamental strength, with a remarkable 160.87% compound annual growth rate (CAGR) in operating profits and a net sales growth rate of 30.60%. The recent positive financial results, including a net profit growth of 1456.5%, have likely contributed to the stock's upward movement.
In the broader market context, while Niva Bupa has shown a positive return of 9.64% over the past month, the benchmark Sensex has only increased by 1.02% during the same period, indicating that the stock is performing well relative to the market. This outperformance is further highlighted by the stock's year-to-date return of 7.16%, surpassing the Sensex's 5.75%. The strong performance metrics and positive financial results suggest that investor confidence remains high, despite the recent decline in trading volume, which may indicate a temporary fluctuation rather than a fundamental weakness in the stock.