Why is SMS Lifesciences falling/rising?

As of 17-Jul, SMS Lifesciences India Ltd is experiencing a price increase, currently at 1,325.00, reflecting a rise of 25.85 or 1.99%. The stock has shown strong performance, gaining 17.15% over the last two days and outperforming its sector by 1.57% today. It opened with a gain of 2.5% and reached an intraday high of Rs 1356, indicating positive momentum. Over the past year, the stock has generated a remarkable return of 58.44%, significantly higher than the market average, and its profits have surged by 121.5%. The company's attractive valuation, with a ROCE of 10.7 and a PEG ratio of 0.2, further supports its recent upward movement, despite some concerns regarding long-term growth.
In the broader market context, SMS Lifesciences has outperformed the benchmark index, with a 1-week return of +12.29% compared to the Sensex's -1.12%. This strong short-term performance highlights the stock's resilience and appeal to investors, especially given its substantial rise in delivery volume, which has increased by over 5000% against the 5-day average. While there are concerns about long-term fundamental strength, the current market sentiment appears to favor SMS Lifesciences, contributing to its rising stock price.