Why is Fortis Malar falling/rising?

As of 11-Sep, Fortis Malar Hospitals Ltd is experiencing a decline in its stock price, currently at Rs 67.10, which reflects a decrease of Rs 1.5 or 2.19%. The stock has been underperforming, having fallen for the last three days with a total decline of 2.6% during this period. It has also touched an intraday low of Rs 66.36, representing a drop of 3.27%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, investor participation has decreased, with delivery volume falling by 21.03% compared to the 5-day average, suggesting reduced interest in the stock.
In the broader market context, Fortis Malar's recent performance contrasts with the Sensex, which has gained 1.03% over the past week and 1.17% over the past month. While Fortis Malar has shown a year-to-date increase of 10.00%, its short-term returns are lagging behind the benchmark, highlighting a concerning trend. The stock's performance over the last three years has also been significantly lower than the Sensex, which has increased by 36.38% during the same period. This underperformance relative to the market may be contributing to the downward pressure on Fortis Malar's stock price.