Why is Medi Assist Ser. falling/rising?

As of 26-Aug, Medi Assist Healthcare Services Ltd is experiencing a decline in its stock price, currently at Rs 546.00, reflecting a decrease of Rs 7.85 or 1.42%. The stock has underperformed its sector by 1.85% today and has been on a downward trend for the last two days, with a total drop of 2.62% during this period. Despite this recent decline, the stock has shown positive returns over the past week and month, with increases of 0.75% and 2.88%, respectively. However, it has a year-to-date decline of 5.86%. The stock is trading above its moving averages for various periods, indicating some underlying strength, but there has been a noticeable drop in investor participation, with delivery volume decreasing by 4.13% compared to the five-day average. 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%, suggesting that larger investors are confident in the company's prospects.
In the broader market context, while Medi Assist's recent performance has been negative, it has outperformed the benchmark Sensex over the past week and month, which saw declines of 1.05% and 0.83%, respectively. However, the year-to-date performance of Medi Assist is notably worse than the Sensex, which has gained 3.39% during the same period. This contrast highlights that while the stock has shown resilience in the short term, its overall performance has lagged behind the broader market, contributing to the current downward pressure on its price.