Why is Blue Star falling/rising?

As of 24-Sep, Blue Star Ltd. is currently priced at 1,935.70, reflecting a decrease of 27.3 points or 1.39%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 3.05% during this period. Despite this recent downturn, the stock has shown a positive return of 0.75% over the past month, while year-to-date it has declined by 9.02%. The company maintains strong long-term fundamentals, characterized by a low debt-to-equity ratio of 0.07 and a healthy return on equity of 16.74%. Additionally, the stock has high institutional holdings at 39.58%, which may provide some stability and confidence among investors, despite the current price drop.
In the broader market context, Blue Star's short-term performance has been better than the benchmark Sensex, which has declined by 1.18% over the past week. However, the stock's performance today has underperformed its sector by 0.89%. The rising investor participation, indicated by a 16.14% increase in delivery volume, suggests that there is still interest in the stock, which may help mitigate some of the recent declines. Overall, while the stock is facing short-term challenges, its strong fundamentals and institutional backing may provide a foundation for recovery in the future.