Why is Medi Assist Ser. falling/rising?

As of 30-Jun, Medi Assist Healthcare Services Ltd is experiencing a price increase, currently at Rs 531.80, reflecting a rise of Rs 29.8 or 5.94%. The stock has shown strong performance today, outperforming its sector by 5.55% and achieving consecutive gains over the last four days, with a total return of 11.86% during this period. Despite this positive momentum, the stock has a mixed performance when viewed over longer periods, with a year-to-date decline of 8.31% and a one-year return of -3.52%. The company has strong long-term fundamentals, evidenced by an average Return on Equity (ROE) of 16.79% and high institutional holdings at 56.17%. However, it also faces challenges, such as a low operating profit to interest ratio and a high Price to Book Value, indicating a potentially expensive valuation.
In the broader market context, the stock's short-term performance has significantly outpaced the benchmark, with a weekly return of 11.80% compared to the Sensex's 2.09%. This indicates that while Medi Assist is currently gaining traction, it has consistently underperformed against the benchmark over the last three years, which may concern some investors. The stock's recent gains could be attributed to its strong institutional backing and positive short-term trends, but the overall underperformance in longer time frames suggests caution. Additionally, the falling investor participation, as indicated by a significant drop in delivery volume, may also impact future price movements.