Why is Blue Jet Health falling/rising?

As of 05-Aug, Blue Jet Healthcare Ltd's stock price is currently at 791.60, reflecting an increase of 4.95 (0.63%). Today's performance indicates a trend reversal as the stock has gained after two consecutive days of decline, outperforming its sector by 1.99%. Despite a recent downturn, the stock has shown strong long-term performance with a 53.05% return over the past year, significantly higher than the BSE500 market return of 0.50%. However, the stock has experienced a decline of 11.94% over the past month, and there has been a notable decrease in investor participation, with delivery volume falling by 50.35% compared to the five-day average. The company's fundamentals remain strong, with a healthy growth in net sales and operating profit, but it faces challenges due to a high valuation and reduced institutional investor participation.
In the broader market context, while Blue Jet Healthcare's recent performance has been positive, the stock's short-term return of -1.62% over the past week contrasts with the benchmark Sensex, which has declined by only 0.77%. This indicates that while the stock is currently rebounding, it has underperformed relative to the broader market in the short term. The decrease in institutional investor stakes may also signal caution among more sophisticated investors, which could impact future price movements. Overall, the stock's recent rise can be attributed to its strong fundamentals and positive earnings reports, despite the challenges posed by valuation concerns and reduced investor participation.