Why is Thyrocare Tech. falling/rising?

As of 31-Jul, Thyrocare Technologies Ltd is experiencing a rise in its stock price, currently at Rs 1,324.70, reflecting an increase of Rs 31.45 or 2.43%. The stock has shown strong performance recently, having gained 6.63% over the last three days and is currently trading close to its 52-week high, just 2.43% away from Rs 1,356.95. Additionally, it has outperformed its sector by 1.71% today and is trading above all key moving averages. The company has demonstrated high management efficiency with a return on equity (ROE) of 20.45% and has reported significant growth in net profit of 56.61%, which has contributed positively to investor sentiment. However, it is important to note that 100% of promoter shares are pledged, which could pose a risk in volatile market conditions.
In the broader market context, Thyrocare's recent performance contrasts with the benchmark Sensex, which has seen a decline of 1.22% over the past week. While the stock has generated impressive returns of 61.56% over the past year, the Sensex has only increased by 3.90% during the same period. This strong relative performance highlights Thyrocare's ability to outperform the market, particularly in the long term, as it has consistently beaten the BSE500 over various time frames. Despite some concerns regarding its high valuation and pledged shares, the overall positive financial results and market position have contributed to the stock's upward movement.