Why is Raaj Medisafe falling/rising?

As of 25-Jun, Raaj Medisafe India Ltd's stock price is rising, currently at Rs 89.70, reflecting an increase of Rs 4.27 or 5.0%. The stock has shown strong performance today, outperforming its sector by 1.63% and achieving a consecutive gain over the last two days with a total return of 10.24%. It opened with a significant gain of 4.94% and reached an intraday high of Rs 89.70. Despite some erratic trading, with the stock not trading on three days out of the last twenty, it is currently trading above its moving averages across various time frames. The company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 62.73% and a remarkable net profit growth of 397.14%, indicating strong fundamentals that support the stock's upward movement.
In the broader market context, Raaj Medisafe's short-term performance has significantly outpaced the benchmark, with a one-week return of +15.74% compared to the Sensex's +1.61%. This stark contrast highlights the stock's strong momentum relative to the market. Additionally, the medical equipment sector has gained by 3.37%, contributing to a favorable environment for Raaj Medisafe. The rising investor participation, evidenced by a 35.14% increase in delivery volume, further supports the stock's positive trajectory. Overall, while the stock has faced challenges over the past year with a return of -5.58%, its impressive profit growth and attractive valuation relative to peers suggest that the recent price increase is driven by strong underlying performance and positive market sentiment.