Why is Soni Medicare falling/rising?

As of 05-Sep, Soni Medicare Ltd is experiencing a price increase, currently at Rs. 93.85, which reflects a rise of 1.84 or 2.0%. The stock has reached a new 52-week and all-time high today, and it has been on a consecutive gain streak for the last 16 days, accumulating a remarkable 68.01% return during this period. Additionally, the stock has outperformed its sector by 3.11% today and is trading above all key moving averages, indicating strong momentum. The company's impressive performance is further highlighted by its year-to-date return of 187.53% and a one-year return of 204.21%, significantly surpassing the benchmark Sensex, which has only increased by 3.29% and decreased by 1.81% over the same period.
In the broader market context, Soni Medicare's short-term performance is notably strong compared to the Sensex, which has only gained 1.13% over the past week. Despite a recent decline in investor participation, as indicated by an 85.41% drop in delivery volume, the stock's attractive valuation, with a return on capital employed (ROCE) of 7.7 and a PEG ratio of 0.4, suggests it is trading at a discount relative to its peers. The majority ownership by promoters and the company's ability to generate substantial returns while increasing profits by 115.2% over the past year further bolster investor confidence, contributing to the stock's rising price.