Why is Poly Medicure falling/rising?

As of 04-Jul, Poly Medicure Ltd's stock price is currently at 2,243.00, reflecting an increase of 9.1 points or 0.41%. The stock has shown a positive trend today, gaining after two consecutive days of decline and outperforming its sector by 0.45%. Over the past week, the stock has risen by 3.81%, while it has experienced a modest increase of 0.54% over the past month. Despite a year-to-date decline of 13.73%, the stock has delivered a solid 9.43% return over the past year and an impressive 204.82% over the last three years. The company has consistently posted positive results for the last 11 quarters, with significant growth in net sales and profits, which may contribute to the current upward price movement. However, there is a noted decline in investor participation, with delivery volume dropping significantly.
In the broader market context, the Sensex has decreased by 0.74% over the past week, contrasting with Poly Medicure's strong performance, indicating that the stock is gaining traction even as the overall market struggles. The company's high institutional holdings at 23.42% suggest that knowledgeable investors are confident in its fundamentals, which could be supporting the stock's price. However, the stock's valuation appears expensive relative to its peers, as indicated by a high Price to Book Value ratio and a PEG ratio of 2.8, which may raise concerns among some investors. Overall, while Poly Medicure's recent performance is encouraging, the broader market's challenges and the stock's valuation concerns could influence future price movements.