Why is Medi Assist Ser. falling/rising?

As of 25-Jul, Medi Assist Healthcare Services Ltd is experiencing a decline in its stock price, currently at 530.70, which reflects a decrease of 4.8 points or 0.9%. The stock has been on a downward trend, losing value for the last 11 consecutive days, resulting in a total decline of 9.14% during this period. Additionally, the stock's performance over the past week shows a decrease of 2.93%, while it has gained 8.86% over the past month. Despite having strong long-term fundamentals, indicated by an average Return on Equity (ROE) of 16.79% and high institutional holdings at 56.17%, the stock's recent performance has been negatively impacted by falling investor participation, with delivery volume dropping by 90.54% compared to the 5-day average.
In the broader market context, the Sensex has shown a slight decline of 0.36% over the past week, which is less severe than Medi Assist's performance. While the stock has outperformed the benchmark index over the past month, it has underperformed year-to-date, with a decline of 8.50% compared to the Sensex's gain of 4.25%. The stock's current price is above its 50-day and 100-day moving averages but below its 5-day, 20-day, and 200-day moving averages, indicating mixed signals regarding its short-term momentum. Overall, the combination of a prolonged decline, reduced trading activity, and relative underperformance against the benchmark suggests that investor sentiment towards Medi Assist is currently negative.