Why is Blue Jet Health falling/rising?

As of 30-Sep, Blue Jet Healthcare Ltd's stock price is currently at 630.00, reflecting a decrease of 9.05 points or 1.42%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 7.54% over the past week. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite these short-term challenges, the company has demonstrated strong long-term fundamentals, with a healthy growth rate in net sales and operating profit, as well as a solid return on equity of 26.94%. The stock has also outperformed the broader market over the past year, achieving a return of 23.53% compared to the Sensex's decline of 4.78%.
In the broader market context, Blue Jet Healthcare's recent performance contrasts with the benchmark, as it has underperformed the Sensex by 2.23% today. While the stock has shown resilience with a year-to-date gain of 11.02%, the recent downturn highlights a divergence from the overall market sentiment, which has seen a slight positive return of 0.57% over the past month. The increase in investor participation, with a notable rise in delivery volume, suggests that there may be underlying interest in the stock despite its current price decline. Overall, while the company maintains strong fundamentals, the recent price movement reflects short-term market pressures and investor sentiment.