Why is Blue Jet Health falling/rising?

As of 04-Sep, Blue Jet Healthcare Ltd's stock is currently priced at 708.80, reflecting a decrease of 1.2 points or 0.17%. The stock has recently outperformed its sector by 1.51%, but it has experienced a trend reversal, falling after two consecutive days of gains. In the past week, the stock has shown a positive return of 3.18%, although it has declined by 9.90% over the last month. The company's strong long-term fundamentals, including a healthy average return on equity of 26.94% and significant growth in net sales and operating profit, support its valuation. However, the stock is considered expensive with a price-to-book value of 10.8, and there has been a decrease in institutional investor participation, which may contribute to the recent price decline.
In the broader market context, the stock's performance over the past year has significantly outpaced the benchmark, with a return of 49.85% compared to the Sensex's decline of 1.98%. Despite this strong long-term performance, the stock's recent price movement may be influenced by falling investor participation and a trend of decreasing institutional stakes. The stock's liquidity remains adequate for trading, but the recent drop in delivery volume indicates a potential concern regarding investor confidence. Overall, while Blue Jet Healthcare Ltd has demonstrated strong fundamentals and market-beating performance, the recent price decline reflects a combination of short-term volatility and changing investor sentiment.