Why is Thyrocare Tech. falling/rising?

As of 04-Sep, Thyrocare Technologies Ltd is experiencing a price increase, currently at Rs 1,347.00, reflecting a rise of Rs 44.55 or 3.42%. The stock has shown strong performance today, outperforming its sector by 2.55% and reaching an intraday high of Rs 1,371.15, which is a 5.27% increase. Over the past week, the stock has gained 5.26%, while its year-to-date return stands at an impressive 47.58%. 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%, contributing to positive investor sentiment. However, it is important to note that 100% of promoter shares are pledged, which could pose risks in a declining market.
In the broader market context, Thyrocare Technologies Ltd has outperformed the Sensex, which has only increased by 0.80% over the past week. This strong performance relative to the benchmark highlights the stock's resilience and attractiveness to investors. Despite some concerns regarding long-term growth rates and high valuations compared to peers, the stock's recent upward movement is supported by consistent positive financial results and rising investor participation, as evidenced by a 16.34% increase in delivery volume. Overall, the combination of strong short-term performance and solid fundamentals contributes to the stock's rising price.