Why is Medi Assist Ser. falling/rising?

As of 29-Jul, Medi Assist Healthcare Services Ltd's stock price is currently at Rs 531.55, reflecting an increase of Rs 8.65, or 1.65%. The stock has shown a trend reversal, gaining after 12 consecutive days of decline, and it outperformed its sector by 0.45% today. Despite this positive movement, the stock has a mixed performance over various periods, with a 1-week decline of 2.61% and a year-to-date drop of 8.35%. The stock's delivery volume has decreased by 10.78% compared to the 5-day average, indicating falling investor participation. However, 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's recent upward movement.
In the broader market context, the stock's 1-month return of +5.89% contrasts with the Sensex's decline of 3.24% over the same period, suggesting that Medi Assist has been performing relatively well compared to the benchmark. However, the stock's year-to-date performance is notably worse than the Sensex, which has gained 4.09%. This indicates that while the stock is experiencing a short-term recovery, it has struggled significantly over the longer term compared to the overall market.