Why is Medi Assist Ser. falling/rising?

As of 23-Jul, Medi Assist Healthcare Services Ltd is experiencing a decline in its stock price, currently at 544.00, which reflects a decrease of 1.8 or 0.33%. The stock has been on a downward trend, having lost 6.87% over the last nine days. Despite outperforming its sector by 0.39% today, the stock's delivery volume has significantly decreased, falling by 90.91% against the five-day average. In terms of returns, the stock has shown a negative performance of 2.62% over the past week and a year-to-date decline of 6.21%, although it has gained 14.37% 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 may provide some support against the recent price decline.
In the broader market context, the Sensex has shown a slight increase of 0.11% over the past week, contrasting with Medi Assist's negative return during the same period. While the stock's long-term fundamentals remain strong, the recent consecutive falls and reduced investor participation indicate a lack of confidence among retail investors. The stock's current liquidity is adequate for trading, but the significant drop in delivery volume suggests that investor interest may be waning. Overall, the combination of recent price declines, reduced trading activity, and the stock's underperformance relative to the benchmark in the short term contributes to the current downward movement in Medi Assist's stock price.