Why is Fischer Medical falling/rising?

As of 11-Sep, Fischer Medical Ventures Ltd's stock price is currently at 1,133.00, reflecting a decrease of 32.2 points or 2.76%. The stock recently hit a new 52-week high of Rs 1195.9 but has fallen after eight consecutive days of gains. Despite this decline, the stock has shown strong performance over various periods, with a 1-week return of 3.84% and a year-to-date return of 59.72%. However, the stock underperformed its sector by 2.62% today, and the weighted average price indicates that more volume was traded closer to the day's low of Rs 1100.05. The company has a low debt-to-equity ratio and reported significant growth in net sales and profits, yet it suffers from poor management efficiency, as indicated by a low return on equity of 1.39% and a high price-to-book value ratio of 23.9.
In the broader market context, Fischer Medical's short-term performance has outpaced the Sensex, which gained only 1.03% over the past week. This indicates that while the stock has been performing well relative to the market, the recent drop may reflect profit-taking after a substantial rally and concerns over its valuation and management efficiency. The lack of investment from domestic mutual funds could also suggest caution among institutional investors regarding the stock's current price level. Overall, the combination of strong historical returns and recent performance contrasts with the current decline, highlighting the volatility and investor sentiment surrounding Fischer Medical Ventures Ltd.