Why is Medi Assist Ser. falling/rising?

As of 18-Jul, Medi Assist Healthcare Services Ltd is experiencing a decline in its stock price, currently at Rs 546.70, which reflects a decrease of Rs 9.25 or 1.66%. The stock has been underperforming, having fallen consecutively for the last six days, resulting in a total decline of 6.4% during this period. Today, it reached an intraday low of Rs 540.7, and the volume traded was more concentrated near this lower price, indicating bearish sentiment. Over the past week, the stock has underperformed the sector by 1.43%. In terms of longer-term performance, the stock is down 5.74% year-to-date, although it has seen a positive return of 12.05% over the past month. 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 could provide some support against the recent price decline.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a 1-week return of -3.56% compared to the Sensex's -0.90%. This suggests that while the overall market has also faced challenges, Medi Assist's decline has been more pronounced. The stock's liquidity remains adequate, allowing for trades of significant size, which may help stabilize its price in the future. However, the recent trend of falling prices and underperformance relative to both its sector and the benchmark indicates that investor sentiment is currently cautious, despite the company's strong fundamentals.