Why is Poly Medicure falling/rising?

As of 11-Nov, Poly Medicure Ltd's stock price is rising, currently at 2,066.95, reflecting a change of 205.65 or 11.05% upward. Today's performance indicates a trend reversal as the stock has gained after three consecutive days of decline, outperforming its sector by 2.2%. The stock reached an intraday high of Rs 2,093.95, demonstrating significant volatility with a wide trading range of Rs 242.25. Despite a year-to-date decline of 20.50% and a one-year drop of 24.15%, the stock has shown strong performance over the last three years, gaining 106.59%. The company benefits from a low debt-to-equity ratio and high institutional holdings, which may provide some support for its price movement. However, the recent flat results and underperformance relative to the broader market could be contributing to investor caution.
In the broader market context, Poly Medicure's short-term return of 5.84% over the past week significantly outpaces the Sensex's return of 0.49%, indicating a strong recovery relative to the benchmark. However, the stock's long-term performance remains concerning, as it has underperformed the market over the past year, with the BSE500 generating returns of 4.43% while Poly Medicure has seen negative returns. This disparity highlights the challenges the company faces despite its recent price increase, as it continues to grapple with a high valuation relative to its fundamentals and a declining trend in investor participation.