Why is Medi Assist Ser. falling/rising?

As of 01-Jul, Medi Assist Healthcare Services Ltd is experiencing a decline in its stock price, currently at Rs 528.10, which represents a decrease of Rs 3.7 or 0.7%. The stock had opened with a gain of 3.37% today, reaching an intraday high of Rs 549.7, but has since fallen after four consecutive days of gains. Despite a strong long-term fundamental strength indicated by an average Return on Equity (ROE) of 16.79% and high institutional holdings at 56.17%, the stock has shown consistent underperformance against benchmarks, with a year-to-date return of -8.95% compared to the Sensex's 7.11%. Additionally, the company's operating profit to interest ratio is at its lowest, and its profit after tax has fallen by 9.1%, contributing to a perception of an expensive valuation with a Price to Book Value of 6.9.
In the broader market context, the stock's short-term performance over the past week has been positive at +11.09%, significantly outperforming the Sensex's +2.00%. However, the stock's year-to-date and one-year returns indicate a troubling trend of underperformance, which may be impacting investor sentiment. The recent rise in delivery volume by 417.88% suggests increased investor participation, but the overall liquidity remains modest. The combination of strong institutional backing and recent price movements indicates a complex situation where short-term gains are overshadowed by longer-term concerns regarding profitability and valuation, leading to the current decline in stock price.