Why is Medi Assist Ser. falling/rising?

As of 11-Jul, Medi Assist Healthcare Services Ltd is experiencing a decline in its stock price, currently at Rs 566.90, which represents a decrease of Rs 17.2 or 2.94%. The stock has underperformed its sector by 3.16% today and has fallen after three consecutive days of gains. It touched an intraday low of Rs 566, reflecting a 3.1% drop. Despite this decline, the stock has shown positive returns over the past week and month, with increases of 7.52% and 13.20%, respectively. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. Additionally, there has been a significant rise in investor participation, with delivery volume increasing by 210.19% against the 5-day average, suggesting strong interest from investors. The company also maintains a solid long-term fundamental strength with an average Return on Equity (ROE) of 16.79% and high institutional holdings at 56.17%, which may provide some support against the current price decline.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has shown a slight decline of 1.12% over the past week and a flat performance over the past month. While Medi Assist has outperformed the benchmark in the short term, its year-to-date performance is down by 2.26%, compared to the Sensex's gain of 5.58%. This indicates that, despite the stock's recent positive momentum, it is facing challenges in maintaining its upward trajectory amid broader market trends.