Why is Kovai Medical falling/rising?

As of 14-Nov, Kovai Medical Center & Hospital Ltd is experiencing a decline in its stock price, currently at 6,038.00, reflecting a decrease of 45.6 points or 0.75%. The stock's performance today is in line with its sector, although it is trading higher than its 200-day moving average but lower than its 5-day, 20-day, 50-day, and 100-day moving averages. Over the past week, the stock has decreased by 2.46%, and over the past month, it has fallen by 8.87%. Despite these short-term declines, the stock has shown strong performance over the longer term, with a 19.00% return over the past year and an impressive 269.26% increase over the last three years. The company boasts high management efficiency, a low Debt to EBITDA ratio, and attractive valuation metrics, which suggest a solid financial foundation, yet the recent price movement indicates some investor caution.
In the broader market context, while Kovai Medical's short-term returns have been negative, the benchmark Sensex has increased by 1.62% over the past week and 3.09% over the past month. This indicates that the stock is underperforming relative to the market. The company's strong financial results, including record net sales and operating profit, alongside a favorable return on equity, suggest that the fundamentals remain strong. However, the recent price decline may reflect broader market trends or investor sentiment that is not fully aligned with the company's positive financial indicators.