Why is Blue Jet Health falling/rising?

As of 24-Sep, Blue Jet Healthcare Ltd's stock price is currently at Rs 672.15, reflecting a decrease of Rs 9.25 or 1.36%. The stock has underperformed its sector by 2.27% today, with an intraday low of Rs 665.05, indicating a decline of 2.4%. Over the past week, the stock has seen a return of -3.82%, while it has significantly underperformed over the last month with a decline of 13.21%. Despite a strong long-term performance with a year-to-date increase of 18.45% and a one-year return of 24.70%, recent trading patterns show that Blue Jet Healthcare is trading below its moving averages and has experienced a notable drop in investor participation, with delivery volume falling by 32.89% against the five-day average.
In the broader market context, the Sensex has only declined by 1.18% over the past week and has gained 0.50% in the last month, indicating that the stock's recent struggles are not entirely reflective of the overall market performance. While Blue Jet Healthcare has demonstrated strong fundamentals, including a healthy growth rate in net sales and operating profit, the recent price drop suggests that short-term market sentiment may be weighing on the stock. The company's solid long-term growth metrics and consistent positive results over the past four quarters provide a foundation for potential recovery, but the current market dynamics and investor behavior are contributing to its recent decline.