Why is Fortis Malar falling/rising?

As of 09-Oct, Fortis Malar Hospitals Ltd is experiencing a decline in its stock price, currently at Rs 68.42, which reflects a decrease of Rs 1.27 or 1.82%. The stock has been underperforming recently, having fallen for three consecutive days, resulting in a total decline of 6.53%. Today's trading saw the stock reach an intraday high of Rs 71.2 but also dip to a low of Rs 67.5. The stock's performance over the past week shows a gain of 5.44%, yet it has underperformed its sector by 2.39%. Additionally, the delivery volume has decreased by 21.77% compared to the five-day average, indicating a drop in investor participation.
In the broader market context, while Fortis Malar's year-to-date return stands at 12.16%, it has lagged behind the benchmark Sensex, which has gained 5.16% in the same period. Over the last week, the stock's performance has been notably stronger than the Sensex, but its recent downturn suggests a shift in sentiment. The stock's moving averages indicate that it is currently below the 100-day and 200-day averages, which may signal a bearish trend. Overall, the combination of declining investor interest and recent price movements contributes to the stock's current downward trajectory.