Why is Niva Bupa Health falling/rising?

As of 17-Jul, Niva Bupa Health Insurance Company Ltd is experiencing a price increase, currently at 90.71, reflecting a change of 0.87 or 0.97% upward. The stock has outperformed its sector by 1.3% today and has shown a consecutive gain over the last two days, with a total return of 2.06% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Despite a significant drop in delivery volume by 42.19% compared to the 5-day average, the company has demonstrated robust 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 further bolstered investor confidence.
In the broader market context, Niva Bupa's short-term performance has been favorable compared to the Sensex, which has declined by 1.12% over the past week while Niva Bupa has gained 0.39%. Over the past month, Niva Bupa has achieved a return of 13.02%, significantly outperforming the Sensex's modest gain of 0.83%. This strong performance relative to the benchmark, combined with the company's solid financial fundamentals, suggests that investor sentiment remains positive despite the recent decline in trading volume.