Why is Soni Medicare falling/rising?

As of 01-Sep, Soni Medicare Ltd's stock price is currently at Rs. 86.72, reflecting an increase of Rs. 1.7 or 2.0%. The stock has been on a strong upward trend, gaining for the last 12 days and achieving a remarkable 55.25% return during this period. Today, it reached a new 52-week and all-time high of Rs. 86.72, outperforming its sector by 1.14%. The stock is trading above all key moving averages, indicating strong momentum. Additionally, the company has demonstrated impressive returns over various time frames, including a 178.84% increase over the past year, while profits have risen by 115.2%, contributing to a favorable PEG ratio of 0.3. This performance, combined with attractive valuations relative to peers, supports the stock's recent upward movement.
In the broader market context, Soni Medicare's short-term performance stands in stark contrast to the Sensex, which has declined by 1.56% over the past week. The stock's 1-week return of 11.41% further emphasizes its strength against the benchmark. While the Sensex has shown a modest gain of 2.85% year-to-date, Soni Medicare has surged by an impressive 165.69% in the same period. This significant outperformance highlights the company's robust market position and investor confidence, which is further bolstered by rising investor participation and liquidity in the stock.