Why is Jupiter Life Lin falling/rising?

As of 20-Jun, Jupiter Life Line Hospitals Ltd is experiencing a decline in its stock price, currently at Rs 1,452.20, reflecting a decrease of Rs 57.9 or 3.83%. The stock has underperformed its sector by 4.74% today and has been on a downward trend for the last two days, accumulating a total loss of 4.3%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Despite a strong one-year return of 14.54%, the recent quarterly results showed a flat performance with a 6.5% decline in profit after tax compared to the previous quarter, which may have contributed to the current price drop. The company has a high return on capital employed (ROCE) of 20.63% and a low debt-to-equity ratio, but its expensive valuation and a PEG ratio of 2.3 suggest that the stock may be overvalued relative to its earnings growth.
In the broader market context, the stock's short-term performance has been notably weaker compared to the benchmark Sensex, which has gained 1.59% over the past week while Jupiter Life Line has lost 4.95%. This underperformance may reflect investor sentiment shifting towards more stable or growing sectors, especially given the recent flat results and the stock's declining trend. The rising investor participation, indicated by an increase in delivery volume, suggests some interest in the stock, but the overall liquidity and trading patterns indicate caution among investors. The combination of these factors highlights a challenging environment for Jupiter Life Line, leading to its current price decline.