Why is Soni Medicare falling/rising?

As of 04-Jul, Soni Medicare Ltd's stock price is currently at 54.79, reflecting an increase of 0.8 or 1.48%. The stock has shown strong performance recently, gaining 14.15% over the past week, and has been on a consecutive upward trend for the last five days. Despite a slight decline of 2.46% over the past month, the stock's year-to-date return stands impressively at 67.86%, and it has generated a remarkable 118.03% return over the past year. The company is trading at an attractive valuation with a return on capital employed (ROCE) of 7.7 and is currently priced at a discount compared to its peers. However, it faces challenges due to high debt levels, indicated by a debt-equity ratio of 6.6 times, which raises concerns about its long-term fundamental strength.
In the broader market context, Soni Medicare's recent performance has significantly outpaced the benchmark, with the Sensex showing a decline of 0.74% over the past week. While the stock has outperformed the sector by 0.64% today, it is important to note that investor participation has fallen, with delivery volume decreasing by 65.61% against the five-day average. This decline in participation could indicate potential caution among investors despite the stock's strong historical returns. Overall, while Soni Medicare has demonstrated impressive gains and attractive valuations, its high debt levels and reduced investor engagement may pose risks to its continued upward momentum.