Why is Jupiter Life Lin falling/rising?

As of 25-Jun, Jupiter Life Line Hospitals Ltd is experiencing a decline in its stock price, currently at 1,425.35, which reflects a decrease of 4.8 or 0.34%. The stock has underperformed its sector by 1.87% today and has been on a downward trend for the last two days, accumulating a total loss of 4.58% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a strong one-year return of 15.39%, the stock has faced challenges with a recent flat performance in its quarterly results, showing a 6.5% decline in PAT compared to the previous quarter's average. The company's high management efficiency and low debt-to-equity ratio are positive factors, but the expensive valuation indicated by a Price to Book Value of 6.9 raises concerns among investors.
In the broader market context, Jupiter Life Line's recent performance contrasts sharply with the Sensex, which has gained 1.61% over the past week and 5.91% year-to-date. The stock's year-to-date decline of 8.11% further emphasizes its underperformance relative to the market. The falling investor participation, with a 6.19% drop in delivery volume, suggests decreasing interest among traders, which could contribute to the stock's downward pressure. While the company boasts high institutional holdings and has outperformed the market over the past year, the recent flat results and high valuation metrics may lead investors to reassess their positions, contributing to the stock's current decline.