Why is Medi Assist Ser. falling/rising?

As of 04-Aug, Medi Assist Healthcare Services Ltd's stock price is currently at 545.00, reflecting an increase of 20.2, or 3.85%. The stock has shown a trend reversal, gaining after two consecutive days of decline, despite opening with a loss of 2.62% today. It reached an intraday high of Rs 545, outperforming its sector by 3.09%. However, the stock has experienced a decline of 6.13% over the past year and has underperformed against the benchmark BSE500 in each of the last three annual periods. The company's strong long-term fundamental strength is indicated by an average Return on Equity (ROE) of 16.79% and high institutional holdings at 56.17%. Nevertheless, concerns arise from its low operating profit to interest ratio and a high Price to Book Value, suggesting a very expensive valuation.
Broader market context shows that while Medi Assist's stock has gained 4.23% over the past week, the benchmark Sensex has only increased by 0.16%. In the last month, the stock has risen by 3.37%, contrasting with a decline of 2.89% in the Sensex. Despite the recent positive movement, the stock's year-to-date performance remains negative at -6.03%, while the Sensex has gained 3.69%. This indicates that while there may be short-term gains, the overall trend for Medi Assist remains concerning compared to the broader market performance.