Why is Soni Medicare falling/rising?

As of 28-Jul, Soni Medicare Ltd's stock price is currently at 58.20, reflecting a decrease of 0.7, or 1.19%. The stock has experienced a trend reversal, falling after six consecutive days of gains. Despite this recent decline, Soni Medicare has shown strong performance over the past month with a return of 21.25%, and an impressive 111.64% return over the past year. However, the stock is facing challenges such as a significant drop in delivery volume, which has fallen by 76.74% against the 5-day average, indicating a decrease in investor participation. Additionally, while the company has attractive valuations and has generated substantial returns, it is burdened by high debt levels and reported losses, which contribute to its weak long-term fundamental strength.
In the broader market context, Soni Medicare's recent performance contrasts sharply with the benchmark, as the Sensex has declined by 1.59% over the past week. This indicates that while the stock has outperformed the market in the short term, the recent price drop may reflect a correction after a period of strong gains. The overall market has struggled, with the BSE500 generating negative returns of 2.52% in the last year, further highlighting Soni Medicare's ability to deliver positive returns despite broader market challenges. However, the company's high debt levels and negative return on equity may raise concerns among investors, potentially contributing to the stock's current price movement.