Why is Indrapr.Medical falling/rising?

As of 10-Nov, Indraprastha Medical Corporation Ltd's stock price is currently at 554.90, reflecting a decrease of 64.75 points or 10.45%. The stock has underperformed its sector today by 8.57% and has been on a downward trend, losing value for the last two days with a total decline of 10.48%. The stock reached an intraday low of Rs 550.55 and exhibited high volatility with an intraday fluctuation of 8.19%. Despite a strong long-term fundamental outlook, including a healthy return on equity and consistent profit growth, the recent price drop may be influenced by a significant decline in investor participation, as evidenced by a 71.08% decrease in delivery volume compared to the five-day average.
In the broader market context, the stock's short-term performance over the past week shows a decline of 3.51%, while the benchmark Sensex has only decreased by 0.53%. This indicates that Indraprastha Medical is underperforming relative to the market. However, it is worth noting that the stock has generated a positive return of 6.12% year-to-date, outperforming the Sensex's 6.91% gain. The recent price decline, despite the company's strong fundamentals, suggests that market sentiment may be weighing heavily on the stock, particularly in light of the flat results reported in September and the current volatility in trading activity.