Why is Blue Jet Health falling/rising?

As of 02-Sep, Blue Jet Healthcare Ltd's stock price is rising, currently at Rs 683.60, reflecting an increase of Rs 26.1 or 3.97%. The stock has shown a trend reversal, gaining after five consecutive days of decline. It outperformed its sector by 1.73% today and reached an intraday high of Rs 683.60. Despite a recent 14.09% decline over the past month, the stock has delivered a strong year-to-date return of 20.47% and an impressive 45.76% return over the past year, significantly outperforming the broader market, which has seen negative returns. The company has demonstrated strong long-term fundamentals, with a healthy growth in net sales and operating profit, alongside a low debt-to-equity ratio, contributing positively to its recent price movement.
In the broader market context, while the Sensex has declined by 0.78% over the past week and 0.55% over the past month, Blue Jet Healthcare's recent performance stands out, particularly given its sector's gain of 2.22%. However, there are concerns regarding falling participation from institutional investors, which could impact future price movements. Despite this, the stock's strong fundamentals and market-beating performance suggest that it remains attractive to investors, contributing to its current upward price trajectory.