Why is Bajaj Healthcare falling/rising?

As of 02-Sep, Bajaj Healthcare Ltd is currently priced at 427.20, reflecting an increase of 1.2 (0.28%). The stock has been gaining for the last two days, with a total return of 1.23% during this period. It outperformed its sector by 0.35% today and reached an intraday high of Rs 448, which is a rise of 5.16%. Despite this positive movement, the stock has shown a decline of 8.84% over the past month and a significant drop of 26.72% year-to-date. However, the company has demonstrated strong management efficiency, with a high return on capital employed (ROCE) of 16.44% and a notable growth in profit after tax (PAT) of 42.7%. Additionally, institutional investors have increased their stake, indicating growing confidence in the company's fundamentals.
In the broader market context, while Bajaj Healthcare has outperformed the BSE500 index, which has experienced negative returns of -4.82% over the past year, the stock's performance over the last week and month has been weaker compared to the benchmark, which declined by only 0.78% and 0.55%, respectively. This suggests that while the stock has shown resilience in the long term, its recent short-term performance has not kept pace with the market. The stock's trading below its moving averages and the relatively low growth in net sales and operating profit over the last five years may contribute to a cautious outlook among investors, despite the positive indicators of management efficiency and institutional interest.