Why is Thyrocare Tech. falling/rising?

As of 09-Jul, Thyrocare Technologies Ltd is experiencing a price increase, currently at Rs. 1,091.00, reflecting a rise of Rs. 27.7 or 2.61%. The stock has recently hit a new 52-week high of Rs. 1,101.45 and has outperformed its sector by 2.96%. Over the past week, the stock has risen by 10.76%, and it has shown strong performance over longer periods, with a 70.35% increase in the last year. The company has demonstrated high management efficiency, a low debt-to-equity ratio, and significant growth in operating profit, which has contributed to positive investor sentiment. However, the stock is trading at a premium compared to its peers, and 100% of promoter shares are pledged, which could pose risks in a declining market.
In the broader market context, Thyrocare Technologies Ltd has significantly outperformed the Sensex, which has only increased by 0.15% over the past week. The stock's robust performance, both in the short term and long term, indicates strong investor confidence, particularly given its consistent positive results over the last five quarters. Despite some concerns regarding its high valuation and pledged shares, the overall market sentiment remains favorable, contributing to the stock's upward movement.