Why is Raaj Medisafe falling/rising?

As of 28-Oct, Raaj Medisafe India Ltd's stock price is rising, currently at Rs 78.75, reflecting an increase of Rs 3.75 or 5.0%. The stock has outperformed its sector today by 4.89%, reaching an intraday high of Rs 78.75. Over the past week, the stock has shown a return of +2.74%, and over the last month, it has significantly increased by +21.43%. The company has reported healthy long-term growth, with net sales growing at an annual rate of 65.58% and operating profit at 57.14%. Additionally, the company has declared positive results for the last two consecutive quarters, with a notable increase in profit after tax and net sales, contributing to a very attractive valuation compared to its peers.
Broader market context indicates that while Raaj Medisafe's year-to-date return is -5.12%, it has outperformed the Sensex, which has gained +8.30% in the same period. The stock's recent performance is bolstered by rising investor participation, as evidenced by a 66.67% increase in delivery volume. Despite some erratic trading patterns, the stock remains liquid enough for trading, which may further support its upward movement. Overall, the combination of strong financial results, attractive valuations, and positive trading activity contributes to the stock's rising price.