The Monash IVF share price jumped 2% to 79 cents when the S&P/ASX 200 Index (Index:^AXJO) fell 0.3%.
The pleasing profit result may also be lifting sentiment towards its rival. The Virtus Health Ltd (ASX: VRT) share price increased by a similar amount to $6.25 at the time of writing.
The Healius Ltd (ASX: HLS) share price gained 0.9% to $3.94 too. Healius offers In vitro fertilisation (IVF) treatments, although its results announcement this morning may be driving the gains.