Why is Blue Jet Health falling/rising?

As of 28-Jul, Blue Jet Healthcare Ltd's stock is currently priced at Rs 793.35, reflecting an increase of Rs 4.5, or 0.57%. Today's price summary indicates that the stock has outperformed its sector by 2.97% and has shown a trend reversal, gaining after five consecutive days of decline. The stock reached an intraday high of Rs 805.8, while it also touched a low of Rs 756.1. Over the past week, the stock has experienced a significant decline of 21.26%, but it has performed well year-to-date with a return of 39.81% and an impressive 79.21% over the past year. The company has demonstrated strong long-term fundamentals, with a healthy growth in net sales and operating profit, which has contributed positively to its stock performance despite a high valuation and decreasing institutional investor participation.
In the broader market context, while Blue Jet Healthcare has outperformed the benchmark Sensex, which has declined by 1.59% over the past week, the stock's recent performance is noteworthy given the sector's overall decline of 2.41%. The stock's ability to generate substantial returns compared to the market, despite a recent drop in investor participation, highlights its resilience. However, the decrease in institutional investor stakes may pose a risk, as these investors typically have more resources to analyze company fundamentals. Overall, the stock's recent rise can be attributed to its strong financial performance and recovery from a short-term downturn, contrasting with the broader market's struggles.