Why is Kovai Medical falling/rising?

As of 16-Jul, Kovai Medical Center & Hospital Ltd's stock price is currently at 6,170.00, reflecting a decrease of 24.1 or 0.39%. The stock has been experiencing a consecutive decline over the last four days, resulting in a total drop of 4.78% during this period. Despite this recent downturn, the stock has shown strong performance over the past month with a return of 6.26%, and an impressive 45.01% increase over the last year. However, there are signs of falling investor participation, as evidenced by a 20.18% decrease in delivery volume compared to the five-day average. The stock is trading above its longer-term moving averages, indicating some underlying strength, but the recent trend suggests caution among investors.
In the broader market context, Kovai Medical's short-term performance has outpaced the Sensex, which has declined by 1.08% over the past week. This relative strength is notable, especially considering the stock's impressive long-term returns, including a 312.83% increase over three years. Positive factors such as high management efficiency, a strong ability to service debt, and increasing participation from institutional investors contribute to its attractiveness. However, concerns about poor long-term growth and flat results in recent financial periods may be weighing on investor sentiment, leading to the current price decline.