Why is Medi Assist Ser. falling/rising?

As of 18-Aug, Medi Assist Healthcare Services Ltd is experiencing a decline in its stock price, currently at Rs 533.60, reflecting a decrease of 2.35 points or 0.44%. The stock has underperformed its sector by 0.86% today and has been on a downward trend for the last two days, accumulating a total loss of 3.79%. Although the stock opened with a gain of 4.45% and reached an intraday high of Rs 559.8, it has shown a negative performance over the past month, with a decline of 2.40%, and an even steeper year-to-date drop of 8.00%. Despite these challenges, 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 against further declines.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has shown a slight increase of 0.83% over the past week. While Medi Assist's short-term performance has been negative, the benchmark has remained relatively stable, indicating that the stock's struggles are not reflective of the overall market trend. The stock's liquidity remains adequate for trading, with a delivery volume increase of 2.98% against the five-day average, suggesting some investor interest despite the recent price declines.