Why is Blue Jet Health falling/rising?

As of 11-Sep, Blue Jet Healthcare Ltd is experiencing a decline in its stock price, currently at Rs 682.75, which reflects a decrease of Rs 16.8 or 2.4%. The stock has underperformed its sector by 4.08% today and has been on a downward trend for the last two days, accumulating a total loss of 6.43% in that period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a strong long-term fundamental strength with a high return on equity and healthy growth in net sales, the recent drop can be attributed to falling participation from institutional investors, who have reduced their stake by 0.71% in the last quarter.
In the broader market context, Blue Jet Healthcare's short-term performance contrasts sharply with the benchmark, as it has declined by 3.68% over the past week while the Sensex has gained 1.03%. Although the stock has shown impressive year-to-date and yearly returns of 20.32% and 36.89% respectively, the recent negative momentum and declining institutional interest may be contributing to the current price drop. The overall market has generated negative returns over the past year, but Blue Jet's strong fundamentals and significant market cap suggest that it remains a key player in its sector despite the recent challenges.