Why is Prevest Denpro falling/rising?

As of 16-Jul, Prevest Denpro Ltd's stock price is currently at Rs 594.50, reflecting an increase of Rs 24.5 or 4.3%. The stock has shown strong performance recently, gaining 13.26% over the last four days and outperforming its sector by 6.87% today. It has also been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, the company reported its highest quarterly net sales and profits in March, which may have contributed to investor confidence. The increase in institutional investor participation, with a 0.57% rise in stake, suggests a growing interest from entities that typically conduct thorough analyses of company fundamentals.
In the broader market context, Prevest Denpro's short-term return of 9.96% over the past week significantly outperforms the Sensex, which has declined by 1.08% during the same period. However, the stock's year-to-date performance of 0.76% lags behind the Sensex's 5.75% gain, indicating that while the stock is currently on an upward trajectory, it has not consistently kept pace with the broader market over the longer term. The medical equipment sector, in which Prevest operates, has experienced a decline of 2.56%, which could be a factor in the overall market sentiment affecting the stock.