Why is Torrent Pharma falling/rising?

As of 25-Jul, Torrent Pharmaceuticals Ltd. is experiencing a price increase, with its current price at Rs. 3,608.00, reflecting a rise of 100.95 (2.88%). The stock has recently hit a new 52-week high of Rs. 3,615.2 and has outperformed its sector by 2.71%. Over the past week, the stock has gained 2.53%, and it has shown strong performance over the last month with an increase of 11.57%. Despite a decline in delivery volume by 43.91% against the 5-day average, the stock remains liquid enough for trading. The company has demonstrated high management efficiency, a strong ability to service debt, and consistent positive results over the last seven quarters, contributing to its upward price movement.
In the broader market context, Torrent Pharmaceuticals has significantly outperformed the benchmark Sensex, which has declined by 0.36% over the past week. The stock's year-to-date return of 7.52% also surpasses the Sensex's 4.25%. While the stock's valuation appears expensive with a high PEG ratio of 3, it trades at a discount compared to its peers' historical valuations. The consistent returns over the last three years and high institutional holdings indicate strong investor confidence, further supporting the stock's rising trend despite concerns about long-term growth and relatively modest net sales growth.