Why is Blue Jet Health falling/rising?

As of 11-Aug, Blue Jet Healthcare Ltd's stock price is currently at Rs 799.00, reflecting a decrease of Rs 1.95 or 0.24%. The stock has shown high volatility today, with an intraday range between a high of Rs 834.95 and a low of Rs 779.1. Despite opening with a gain of 4.24%, it has underperformed its sector by 2.06% and has experienced a trend reversal after two consecutive days of gains. Over the past week, the stock has outperformed the benchmark Sensex, gaining 1.57% compared to the index's decline of 0.51%. However, its performance over the last month shows a significant decline of 11.98%, while it has delivered impressive returns of 68.03% over the past year, indicating strong long-term growth potential.
In the broader market context, while the stock has outperformed the BSE500 index, which has generated negative returns of -1.85% over the last year, the recent short-term performance indicates some challenges. The company's strong fundamentals, including a robust return on equity of 26.94% and consistent growth in net sales and operating profit, support its long-term viability. However, the recent decline in stock price, despite positive quarterly results and rising investor participation, suggests that market sentiment may be cautious in the short term, particularly given the stock's recent volatility and trend reversal.