Why is Blue Jet Health falling/rising?

As of 16-Jul, Blue Jet Healthcare Ltd's stock price is currently at Rs 954.50, reflecting a decrease of Rs 7.35, or 0.76%. The stock recently hit a new 52-week high of Rs 989.8 but has experienced a trend reversal, falling after two consecutive days of gains. Despite this decline, the stock has shown strong performance over various periods, with a year-to-date return of 68.21% and a remarkable 128.90% increase over the past year, significantly outperforming the broader market. However, the stock's recent performance is tempered by a decrease in investor participation, as evidenced by a 2.19% drop in delivery volume compared to the 5-day average.
In the broader market context, Blue Jet Healthcare's short-term performance has been favorable compared to the benchmark Sensex, which has declined by 1.08% over the past week while the stock rose by 4.49%. Despite the stock's impressive returns and strong management efficiency, concerns about long-term growth and falling participation from institutional investors may be contributing to its recent price decline. The company has reported positive financial results, including a growth in net profit and high operating profit margins, yet the high valuation and reduced institutional interest could be influencing market sentiment negatively.