Why is Sanjiv.Parant. falling/rising?

As of 29-Aug, Sanjivani Paranteral Ltd's stock price is rising, currently at 255.60, reflecting an increase of 22.1 or 9.46%. The stock has shown strong performance today, outperforming its sector by 9.43%, and has gained 10.08% over the last two days. It opened with a gain of 4.88% and reached an intraday high of Rs 268.8, indicating significant investor interest. Over the past week, the stock has risen by 20.11%, contrasting sharply with the Sensex, which has declined by 1.84%. Despite a year-to-date decline of 33.09%, the company has demonstrated high management efficiency with a return on equity of 21.72% and healthy long-term growth in net sales and operating profit.
Broader Market Context: In the context of the broader market, Sanjivani Paranteral Ltd has significantly outperformed the Sensex in the short term, with a 1-week return of +20.11% compared to the benchmark's -1.84%. However, it has underperformed over the past year, with a return of -15.64% against the market's -2.83%. The stock's recent rise can be attributed to increased investor participation, as evidenced by a 329.84% rise in delivery volume, despite facing challenges such as flat results in June and a high valuation compared to peers. This combination of strong short-term performance and underlying growth potential, alongside some negative indicators, has contributed to the stock's upward movement.