Why is QMS Medical falling/rising?

As of 17-Sep, QMS Medical Allied Services Ltd is experiencing a price increase, currently at 107.00, reflecting a rise of 6.4 or 6.36%. The stock has shown strong performance today, outperforming its sector by 5.95%, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 17.26%, and in the last month, it has surged by 42.57%. Despite a year-to-date decline of 5.69%, the company has demonstrated healthy long-term growth with an annual operating profit increase of 30.17%. The stock is currently trading at a discount compared to its peers, and while it has underperformed over the past year with a return of -20.83%, its profits have risen by 19.9%, indicating a potentially attractive investment opportunity.
In the broader market context, the stock's short-term performance significantly outpaces the benchmark, with the Sensex only increasing by 1.43% over the past week and 2.84% over the past month. This stark contrast highlights the stock's recent momentum amidst a generally stable market. However, it is important to note that the stock has underperformed the market over the last year, where the BSE500 index recorded a decline of only -2.63%. The rising investor participation, evidenced by a 382.35% increase in delivery volume, suggests growing interest in the stock, which may contribute to its upward price movement despite its previous underperformance.