Why is Medi Assist Ser. falling/rising?

As of 31-Jul, Medi Assist Healthcare Services Ltd is experiencing a decline in its stock price, currently at Rs 533.10, which reflects a decrease of Rs 13.55 or 2.48%. The stock has underperformed its sector by 1.88% today and has fallen after two consecutive days of gains. It touched an intraday low of Rs 530.75, indicating a significant drop of 2.91%. Over the past week, the stock has decreased by 0.45%, while it has shown a slight increase of 0.95% over the past month. However, the year-to-date performance is down by 8.09%, and the one-year return is also negative at -11.01%. Despite these declines, the company maintains strong long-term fundamentals, with an average Return on Equity (ROE) of 16.79% and high institutional holdings at 56.17%, which suggests confidence from larger investors.
In the broader market context, the Sensex has decreased by 1.22% over the past week and 3.00% over the past month, indicating a challenging environment for stocks in general. While Medi Assist's short-term performance has been better than the benchmark in the last month, its year-to-date and one-year returns are significantly worse than the Sensex, which has gained 3.90% year-to-date. This underperformance relative to the benchmark may contribute to investor sentiment and the stock's current decline. The rising investor participation, as indicated by a 32.4% increase in delivery volume, suggests some interest in the stock, but the overall negative price movement reflects broader market pressures and specific challenges faced by the company.