Why is Poly Medicure falling/rising?

As of 09-Jul, Poly Medicure Ltd's stock price is currently at 2,228.10, reflecting an increase of 22.1, or 1.0%. Today's price summary indicates that the stock has outperformed its sector by 0.54% and has experienced a trend reversal, gaining after two consecutive days of decline. However, the stock has shown a negative performance over the past week and month, with declines of 1.79% and 2.10%, respectively. Despite this, the company has demonstrated strong fundamentals, with positive results for the last 11 consecutive quarters, including record net sales and profits. The high institutional holdings at 23.42% suggest that knowledgeable investors are backing the stock, although the stock's high valuation metrics, such as a Price to Book Value of 8.2, may deter some investors.
In the broader market context, Poly Medicure's recent performance contrasts with the Sensex, which has seen a slight increase of 0.15% over the past week. While the stock has outperformed the benchmark over the past year with a return of 4.21%, it has underperformed in the short term compared to the Sensex's 1.32% gain over the last month. This divergence indicates that while the stock has strong long-term fundamentals, short-term pressures, including falling investor participation and high valuation concerns, may be contributing to its recent volatility.