Why is Bajaj Healthcare falling/rising?

As of 25-Sep, Bajaj Healthcare Ltd's stock price is currently at Rs 493.70, reflecting a decrease of Rs 13.0 or 2.57%. The stock has recently underperformed its sector by 1.71% and has experienced a trend reversal, falling after two consecutive days of gains. It touched an intraday low of Rs 491.5, indicating a decline of 3%. Despite this, the stock has shown strong performance over the past week and month, with returns of 14.73% and 12.72%, respectively. The company has demonstrated solid fundamentals, with a significant growth in profit after tax (PAT) of 42.7% and a return on capital employed (ROCE) of 8.5%. Additionally, institutional investors have increased their stake, indicating confidence in the company's prospects, although the stock is currently trading at a discount compared to its peers.
In the broader market context, while Bajaj Healthcare has generated a return of 25.61% over the past year, the benchmark index, Sensex, has declined by 4.71% during the same period. This suggests that the stock has outperformed the market significantly, even as it faces short-term volatility. The recent decline in price could be attributed to profit-taking after its recent gains and the stock's current position relative to its moving averages, which indicate a mixed trend. Overall, while the stock is facing short-term pressures, its long-term performance remains strong compared to the broader market.