Why is Chennai Meena falling/rising?

As of 27-Jun, Chennai Meenakshi Multispeciality Hospital Ltd's stock price is currently at Rs 34.00, reflecting an increase of Rs 1.0 or 3.03%. Today's price summary indicates that the stock has outperformed its sector by 0.37% and has experienced a trend reversal, gaining after two consecutive days of decline. The stock opened with a significant gain of 5.91% and reached an intraday high of Rs 34.95. However, despite this short-term uptick, the stock has underperformed over the past week with a decline of 4.76% and has generated negative returns of -7.13% over the last year. Factors contributing to the stock's recent movement include a negative book value and weak long-term fundamentals, with net sales growth at only 6.20% and a concerning -202.01% operating profit over the last five years. Additionally, a decrease in promoter confidence, as indicated by a 10.06% reduction in their stake, raises concerns about the company's future prospects.
In the broader market context, the stock's performance contrasts with the benchmark Sensex, which has gained 2.00% over the past week and 7.58% year-to-date. While the hospital and healthcare services sector has seen a gain of 2.67%, Chennai Meenakshi's stock has struggled to keep pace, reflecting a broader trend of underperformance with a year-to-date decline of 19.05%. The falling investor participation, evidenced by a 28.08% drop in delivery volume, further indicates a lack of confidence among investors, despite the stock's recent price increase. Overall, while there is a short-term rise in price, the underlying fundamentals and market conditions suggest a cautious outlook for the stock.