Why is Blue Jet Health falling/rising?

As of 30-Jul, Blue Jet Healthcare Ltd's stock price is currently at 795.35, reflecting a decrease of 9.3 points or 1.16%. Today's price summary indicates that the stock has underperformed its sector by 0.85% and opened with a loss of 2.32%, reaching an intraday low of 779.75, which is a decline of 3.09%. Over the past week, the stock has declined by 2.58%, and for the month, it has fallen by 9.21%. Despite a strong long-term performance with a year-to-date increase of 40.16% and a one-year return of 73.58%, recent trends show a reversal after two days of gains, coupled with a significant drop in investor participation, as evidenced by a 74.1% decrease in delivery volume compared to the five-day average.
In the broader market context, while the stock has outperformed the benchmark Sensex over the long term, it has faced challenges in the short term, with a one-week decline that is steeper than the benchmark's drop of 1.50%. The recent decrease in institutional investor participation, which has fallen by 0.71%, may also contribute to the stock's current struggles, as these investors typically have more resources to analyze company fundamentals. Although the company has demonstrated strong financial health with impressive growth rates in net sales and profit, the stock's high valuation and recent price movement suggest that investor sentiment may be shifting, leading to the current decline.