Why is Blue Jet Health falling/rising?

As of 24-Oct, Blue Jet Healthcare Ltd is currently priced at 645.00, reflecting a decrease of 6.5, or 1.0%. The stock has underperformed its sector by 1.11% today and has experienced a consecutive decline over the last two days, resulting in a total drop of 2.77% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite these short-term challenges, the company has demonstrated strong long-term fundamentals, with a notable average Return on Equity (ROE) of 26.94% and a healthy growth rate in net sales and operating profit. The company has also consistently reported positive results over the last four quarters, contributing to a year-to-date return of 13.67%, which is significantly higher than the benchmark's 7.77%.
In the broader market context, the stock's performance over the past week shows a decline of 1.29%, while the Sensex has increased by 0.31%. This indicates that Blue Jet Healthcare is not only underperforming its sector but also the overall market. The company's market cap positions it as the second largest in its sector, and it constitutes a significant portion of the industry, which may provide some resilience. However, the recent price movement suggests that investor sentiment may be cautious despite the company's strong fundamentals, as reflected in the rising delivery volume, which indicates increased investor participation.