Why is SMS Pharma. falling/rising?

As of 27-Jun, SMS Pharmaceuticals Ltd is experiencing a price increase, currently at Rs 248.55, reflecting a rise of 2.05 (0.83%). The stock has shown a strong performance recently, gaining 7.74% over the last four days and opening with a 2.21% increase today. It reached an intraday high of Rs 252.1. The stock is performing well against its moving averages, being higher than the 5-day, 50-day, and 100-day averages, although it is lower than the 20-day and 200-day averages. The company has reported positive results for the last nine consecutive quarters, with significant improvements in operating profit and cash reserves, contributing to a favorable market perception. However, the stock's long-term growth is tempered by the fact that net sales and operating profit have only grown at annual rates of 13.70% and 12.53%, respectively, over the last five years, and a notable 37.6% of promoter shares are pledged, which could exert downward pressure in volatile markets.
In the broader market context, SMS Pharmaceuticals has outperformed the benchmark Sensex in the short term, with a 1-week return of 6.74% compared to the Sensex's 2.00%. This strong performance is indicative of rising investor confidence, as evidenced by a significant increase in delivery volume, which rose by 188.99% against the 5-day average. The stock's ability to generate a 12.59% return over the past year, alongside a profit increase of 38.8%, further underscores its positive trajectory relative to the market. Despite the concerns regarding pledged shares and slower long-term growth, the stock's recent gains reflect a favorable sentiment among investors, bolstered by solid quarterly results and a competitive valuation compared to peers.