Why is Soni Medicare falling/rising?

As of 04-September, Soni Medicare Ltd's stock price is currently at Rs. 92.01, reflecting an increase of 1.8, or 2.0%. The stock has recently reached a new 52-week and all-time high, having gained 64.72% over the last 15 days. It has outperformed its sector by 1.13% today and opened with a gain of 2%. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite this positive momentum, there has been a notable decline in investor participation, with delivery volume dropping by 85.41% compared to the 5-day average. The stock's strong performance is supported by a return of 196.81% over the past year, alongside a profit increase of 115.2%, indicating a favorable valuation relative to its peers.
In the broader market context, Soni Medicare's short-term return of 10.38% over the past week significantly outpaces the Sensex, which only increased by 0.80%. This trend of outperformance is consistent over longer periods, with the stock achieving a remarkable 181.89% return year-to-date compared to the Sensex's 3.30%. The company's strong fundamentals, including a low PEG ratio of 0.3 and attractive valuation metrics, further bolster investor confidence, contributing to its rising stock price. Overall, Soni Medicare's sustained gains and market-beating performance indicate a robust demand for its shares, despite the recent drop in trading volume.