Why is Shilpa Medicare falling/rising?

As of 29-Aug, Shilpa Medicare Ltd's stock price is currently at 846.35, reflecting an increase of 6.35, or 0.76%. The stock has shown positive momentum recently, gaining 2.78% over the last two days and opening with a gain of 2.14% today. It reached an intraday high of Rs 868.5, which is a 3.39% increase. Despite a recent decline of 5.06% over the past month, the stock has outperformed the sector by 0.73% today. The company has demonstrated strong financial performance, with a remarkable 290.01% growth in net profit and positive results for the last eight consecutive quarters, contributing to its recent price increase.
In the broader market context, while the stock has outperformed the benchmark Sensex, which has declined by 1.84% over the past week and 1.88% over the past month, Shilpa Medicare's year-to-date return of 4.10% also surpasses the Sensex's 2.14%. This indicates that the stock is maintaining a strong position relative to the market despite some recent volatility. However, there is a noted decrease in investor participation, with delivery volume falling by 3.68% against the five-day average, which could be a concern for future price stability. Overall, the combination of strong financial results and relative outperformance against the market has contributed to the stock's recent rise.