Why is Blue Jet Health falling/rising?

As of 06-Aug, Blue Jet Healthcare Ltd's stock price is currently at Rs 762.55, reflecting a decrease of Rs 29.45 or 3.72%. The stock has underperformed its sector by 1.98% today, reaching an intraday low of Rs 756.8, which represents a decline of 4.44%. Over the past week, the stock has fallen by 4.12%, and in the last month, it has decreased by 15.17%. Despite a strong long-term performance with a 63.81% increase over the past year, recent trading activity indicates a decline in investor participation, with delivery volume dropping by 54.88% compared to the five-day average. The company has demonstrated strong fundamentals, including a healthy growth rate in net sales and operating profit, but the current market sentiment appears to be negative.
In the broader market context, the Sensex has only declined by 1.15% over the past week, indicating that Blue Jet Healthcare's short-term performance is significantly worse than the benchmark. The medical equipment sector, in which Blue Jet operates, has also seen a decline of 2.03%. While the company has shown impressive long-term growth and profitability, the recent price drop may be attributed to broader sector weakness and reduced investor interest, which contrasts with the company's strong fundamentals and past performance.