Why is Blue Jet Health falling/rising?

As of 05-Sep, Blue Jet Healthcare Ltd's stock is rising, currently priced at Rs 744.20, reflecting an increase of Rs 35.4 or 4.99%. The stock has outperformed its sector today by 3.15%, reaching an intraday high of Rs 744.20. Over the past week, it has shown a strong return of 11.52%, although it has experienced a decline of 6.04% over the past month. The company has demonstrated robust long-term fundamentals, with a return on equity of 26.94% and consistent growth in net sales and operating profit. Despite a decrease in delivery volume by 27.98% compared to the five-day average, the stock remains liquid enough for trading, indicating ongoing investor interest.
In the broader market context, while the BSE500 index has generated negative returns of -4.41% over the past year, Blue Jet Healthcare has significantly outperformed with a return of 55.01%. This strong performance is attributed to the company's healthy financials, including a low debt-to-equity ratio and positive results over the last four quarters. However, there are concerns regarding falling participation from institutional investors, who have reduced their stake by 0.71%, which may affect future stock performance. Overall, the stock's rise can be attributed to its strong fundamentals and market-beating performance, despite some caution regarding investor participation.