Why is Blue Jet Health falling/rising?

As of 29-Aug, Blue Jet Healthcare Ltd is experiencing a decline in its stock price, currently at Rs 667.35, which reflects a decrease of Rs 19.6 or 2.85%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 13.83% over the past week. Today's trading saw the stock reach an intraday low of Rs 660.1, and it is trading below all key moving averages. Despite a notable increase in delivery volume, which rose by 86.83% against the five-day average, the stock's performance today has underperformed its sector by 2.36%. Over the past month, the stock has also seen a significant decline of 17.06%, contrasting with its strong year-to-date performance of 17.61% and a remarkable 37.88% increase over the past year.
In the broader market context, Blue Jet Healthcare's recent performance has been notably weaker than the benchmark, with the Sensex only declining by 1.84% over the past week. This stark contrast highlights the stock's struggles in the short term, despite its long-term fundamentals showing strength, such as a solid return on equity and consistent growth in net sales and operating profit. The company has demonstrated resilience with positive results over the last four quarters, but the recent price movement suggests that short-term investor sentiment may be negatively impacted by the stock's consecutive declines and underperformance relative to the sector.