Why is Medi Assist Ser. falling/rising?

As of 24-Jul, Medi Assist Healthcare Services Ltd is experiencing a decline in its stock price, currently at 535.50, which represents a decrease of 8.5 points or 1.56%. The stock has been underperforming, having fallen consecutively for the last 10 days, resulting in a total decline of 8.32% during this period. Additionally, the stock has underperformed its sector by 1% today. In terms of longer-term performance, the stock has seen a decrease of 3.68% over the past week and a year-to-date decline of 7.67%. Despite strong long-term fundamentals indicated by an average Return on Equity (ROE) of 16.79% and high institutional holdings at 56.17%, the recent price movement suggests a lack of investor confidence, as evidenced by a significant drop in delivery volume by 84.36% against the 5-day average.
In the broader market context, the Sensex has shown minimal movement with a decline of only 0.09% over the past week, contrasting with Medi Assist's more substantial drop. This indicates that the stock's performance is not merely a reflection of broader market trends but rather specific issues affecting the company. While the stock has performed better over the past month with a gain of 12.64%, the recent trend suggests that investors may be reacting to short-term challenges despite the company's strong fundamentals and institutional backing.