Why is Soni Medicare falling/rising?

As of 07-Jul, Soni Medicare Ltd's stock price is rising, currently at Rs 56.50, reflecting an increase of Rs 1.71 or 3.12%. The stock has shown strong performance recently, gaining 17.71% over the last six days and outperforming its sector by 2.83% today. Additionally, the stock has delivered impressive returns over various periods, including a 124.83% increase over the past year, significantly higher than the market's average return of 1.74%. Despite a recent intraday low of Rs 52.06, the stock's overall upward trend is supported by rising investor participation, as evidenced by a 73.02% increase in delivery volume compared to the five-day average. However, the company faces challenges, including a high debt-to-equity ratio of 6.6 times and reported losses, which contribute to a negative return on equity.
In the broader market context, Soni Medicare's short-term performance stands in stark contrast to the benchmark Sensex, which has seen a slight decline of 0.20% over the past week. While the stock has been on a strong upward trajectory, the overall market has not mirrored this growth, indicating that Soni Medicare is experiencing a market-beating performance. The company's attractive valuation, with a return on capital employed of 7.7 and a lower trading price compared to peers, further supports its rising stock price, despite the underlying concerns regarding its debt levels and long-term fundamental strength.