Why is Shilpa Medicare falling/rising?

As of 28-Aug, Shilpa Medicare Ltd's stock price is currently at Rs 840.00, reflecting an increase of Rs 16.55 or 2.01%. The stock has shown a positive performance today, outperforming its sector by 2.85%, with an intraday high of Rs 848 and a low of Rs 803. Despite a 1.75% decline over the past week and a 6.15% drop over the last month, the stock has delivered a year-to-date return of 3.31% and a notable 11.04% return over the past year, significantly outperforming the broader market, which has seen negative returns. The company has also reported strong financial results, including a 290.01% growth in net profit and positive results for the last eight consecutive quarters, contributing to the stock's upward movement.
In the broader market context, while the Sensex has declined by 2.34% over the past week and 1.00% over the past month, Shilpa Medicare's performance has been relatively resilient, particularly over the past year. The stock's ability to generate positive returns amidst a generally negative market environment, coupled with rising investor participation and liquidity, indicates a strong investor confidence in the company's growth prospects. This confidence is further bolstered by the company's impressive financial metrics, such as a 78.7% growth in PAT and a record high ROCE, which collectively support the stock's recent upward trend.