Why is Blue Jet Health falling/rising?

As of 25-Aug, Blue Jet Healthcare Ltd's stock price is currently at Rs 735.10, reflecting a decline of Rs 39.35 or 5.08%. Today's price summary indicates that the stock underperformed its sector by 6.99%, opening with a loss of 4.15% and reaching an intraday low of Rs 735.10. The stock has also been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Over the past week and month, the stock has seen declines of 5.81% and 6.81%, respectively, while it has performed well year-to-date with a gain of 29.54% and a substantial increase of 56.19% over the past year. Despite the recent downturn, the company has shown strong long-term fundamentals, including a healthy growth rate in net sales and operating profit, along with a low debt-to-equity ratio.
In the broader market context, while Blue Jet Healthcare's stock has experienced a short-term decline, the benchmark Sensex has gained 0.45% over the past week and 0.21% over the past month. This indicates that the stock's recent performance is not aligned with the overall market trend. However, it is noteworthy that the stock has outperformed the broader market over the last year, achieving a return of 56.19% compared to the BSE500's negative return of -2.11%. The rising investor participation, as indicated by an increase in delivery volume, suggests that there may still be confidence in the company's long-term prospects despite the current price drop.