Why is Soni Medicare falling/rising?

As of 18-Aug, Soni Medicare Ltd's stock price is currently at Rs 61.00, reflecting an increase of Rs 2.9 or 4.99%. The stock has shown strong performance recently, gaining 9.2% over the last three days and outperforming its sector by 4.34% today. Despite opening with a loss of 2%, it reached an intraday high of Rs 61. The stock has demonstrated impressive returns over various periods, including a 136.89% increase over the past year and a 164.07% rise over the last three years. The company's attractive valuation, indicated by a return on capital employed (ROCE) of 7.7 and a PEG ratio of 0.2, suggests that it is trading at a discount compared to its peers, contributing positively to its recent price movement.
In the broader market context, Soni Medicare's performance stands out as it has significantly outperformed the benchmark Sensex, which has only gained 0.83% over the past week and has seen negative returns of -0.59% over the last month. The stock's year-to-date performance of 86.89% also contrasts sharply with the Sensex's 4.01% increase. This strong relative performance highlights investor confidence in Soni Medicare, especially given that the broader market has struggled. However, it is worth noting that there has been a decline in investor participation, with delivery volume dropping by 67.28% against the five-day average, which could indicate some caution among investors despite the stock's rising price.