Why is Thyrocare Tech. falling/rising?

As of 23-Jul, Thyrocare Technologies Ltd is experiencing a price increase, currently at Rs 1,209.00, reflecting a rise of 25.6 points or 2.16%. The stock has shown strong performance, being only 0.9% away from its 52-week high and outperforming its sector by 0.78% today. Additionally, it has demonstrated impressive returns over various periods, including a 22.19% increase over the past month and an 85.97% rise over the last year. The company has also reported positive financial results, with a net profit growth of 56.61% and consistent positive results for the last six quarters, contributing to its high management efficiency and strong market position.
In the broader market context, Thyrocare's short-term return of 0.80% over the past week significantly outpaces the Sensex's return of 0.11%, indicating robust investor interest. However, there are risks to consider, such as the company's poor long-term growth in operating profit and the high percentage of pledged promoter shares, which could exert downward pressure in adverse market conditions. Despite these concerns, the stock's strong recent performance and favorable financial metrics suggest a positive outlook in the near term.