Why is Blue Jet Health falling/rising?

As of 18-Sep, Blue Jet Healthcare Ltd's stock price is currently at Rs 683.55, reflecting a decrease of Rs 15.3 or 2.19%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 4.65% during this period. Additionally, it has underperformed its sector by 5.17% today. The stock's performance over the past month shows a significant decline of 12.42%, while it has managed a year-to-date return of 20.46%. Despite strong long-term fundamentals, including a robust return on equity and consistent growth in net sales, the recent price movement indicates a struggle against broader market trends.
Broader market context reveals that while the Sensex has gained 1.80% over the past week, Blue Jet Healthcare's short-term performance has been negative, contrasting sharply with the benchmark. The medical equipment sector, in which Blue Jet operates, has seen a gain of 3.04%, further highlighting the stock's relative weakness. The decline in investor participation, with a notable drop in delivery volume, suggests waning interest, which may be contributing to the stock's downward trajectory. Overall, while the company has demonstrated strong fundamentals and market-beating performance over the past year, the current market conditions and recent trading patterns have led to its falling stock price.