Why is Blue Jet Health falling/rising?

As of 17-Sep, Blue Jet Healthcare Ltd is experiencing a decline in its stock price, currently at Rs 698.85, reflecting a decrease of Rs 15.95 or 2.23%. The stock has underperformed its sector by 2.64% today and has been on a consecutive downward trend for the last three days, accumulating a total loss of 2.51% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a strong long-term fundamental strength characterized by a healthy growth rate in net sales and operating profit, the recent performance has been negatively impacted by a significant drop in delivery volume, which fell by 58.76% compared to the 5-day average.
In the broader market context, Blue Jet Healthcare's short-term performance contrasts sharply with the benchmark Sensex, which has gained 1.56% over the past week. While the stock has shown impressive year-to-date returns of 23.16% and a remarkable 32.65% increase over the past year, the recent declines suggest a disconnect with the overall market sentiment. The company's strong fundamentals, including a low debt-to-equity ratio and consistent positive quarterly results, may not be sufficient to counteract the current negative momentum and falling investor participation, leading to the stock's recent price decline.