Why is Blue Jet Health falling/rising?

As of 29-Jul, Blue Jet Healthcare Ltd's stock price is currently at Rs 804.65, reflecting an increase of Rs 11.3 or 1.42%. The stock has shown a positive trend recently, gaining for the last two days with a total return of 2%. However, it underperformed its sector by 0.36% today. Over the past week, the stock has experienced a decline of 11.20%, while its year-to-date performance remains strong at 41.80%. The company has demonstrated robust long-term fundamentals, with a return on equity of 26.94% and significant growth in net sales and operating profit. Despite these strengths, the stock is facing challenges, including a high valuation and a decrease in institutional investor participation, which may contribute to its recent price movements.
In the broader market context, Blue Jet Healthcare's short-term performance has been notably weaker compared to the benchmark, with a 1-week decline of 11.20% against the Sensex's drop of only 1.03%. While the stock has outperformed the market over the longer term, generating an impressive 82.11% return over the past year, the recent underperformance and falling investor participation could indicate a shift in market sentiment. The stock's liquidity remains adequate, but the decline in delivery volume suggests a potential decrease in investor confidence, which may be affecting its price trajectory.