Why is Sanjiv.Parant. falling/rising?

As of 18-Jul, Sanjivani Paranteral Ltd's stock price is currently at Rs 247.40, reflecting an increase of Rs 23.65, or 10.57%. The stock has shown strong performance today, outperforming its sector by 11.12%, with an intraday high of Rs 254, representing a 13.52% rise. Over the past week, the stock has gained 17.84%, while it has also demonstrated consistent returns, generating 17.81% over the last year and an impressive 410.10% over the last three years. Positive factors contributing to this upward movement include high management efficiency with a return on equity of 21.72%, significant growth in net sales and operating profit, and increased promoter confidence as they raised their stake by 1.2%.
In the broader market context, while Sanjivani Paranteral Ltd has shown strong short-term returns, the benchmark Sensex has experienced a slight decline of 0.90% over the past week. This indicates that the stock is performing well relative to the overall market. However, it is important to note that the stock has faced high volatility today, with a wide trading range and a decrease in delivery volume, suggesting some uncertainty among investors. Despite these challenges, the company's healthy long-term growth prospects and consistent returns over the past three years provide a solid foundation for its recent price increase.