Why is Medi Assist Ser. falling/rising?

As of 15-Jul, Medi Assist Healthcare Services Ltd is currently priced at 563.45, reflecting a decrease of 2.45, or 0.43%. The stock has been underperforming recently, having fallen consecutively for the last three days, resulting in a total decline of 3.54% during this period. Despite this short-term downturn, the stock has shown positive performance over the past week and month, with returns of 2.06% and 14.65%, respectively. However, it is worth noting that the stock is currently trading above its moving averages across various time frames. The decline in investor participation, with a significant drop in delivery volume, suggests a weakening interest among retail investors. Nevertheless, the company maintains strong long-term fundamentals, evidenced by an average Return on Equity (ROE) of 16.79% and high institutional holdings at 56.17%, which may provide some support for the stock.
In the broader market context, Medi Assist's recent performance contrasts with the benchmark Sensex, which has declined by 1.36% over the past week while the stock itself has gained 2.06%. This indicates that, despite the current price drop, Medi Assist has managed to outperform the benchmark in the short term. However, the year-to-date performance shows a decline of 2.85% for the stock compared to a 5.67% increase in the Sensex, highlighting a challenging environment for the stock relative to the overall market. The combination of recent price declines, reduced trading volume, and the contrasting performance against the benchmark suggests that while there are strong fundamentals, the stock is currently facing headwinds that may be impacting investor sentiment.