Why is Medi Assist Ser. falling/rising?

As of 04-Sep, Medi Assist Healthcare Services Ltd is experiencing a price increase, currently at Rs 527.05, which reflects a rise of 6.1 or 1.17%. The stock has shown positive momentum, gaining 3.35% over the last two days and outperforming its sector by 1.53% today. Despite a recent decline of 2.29% over the past month and a significant drop of 22.53% over the past year, the stock's performance today indicates a potential turnaround. The stock is currently above its 5-day, 100-day, and 200-day moving averages, although it remains below its 20-day and 50-day moving averages. The high institutional holdings at 56.17% suggest strong confidence from larger investors, which may be contributing to the recent price increase.
In the broader market context, Medi Assist's short-term return of +1.55% over the past week has outperformed the Sensex, which increased by only +0.80% during the same period. This indicates that while the stock has faced challenges in the longer term, it is currently gaining traction relative to the market. However, the falling investor participation, as indicated by a significant drop in delivery volume, may pose a concern for sustained momentum. Overall, the stock's recent performance reflects a combination of strong institutional support and a potential recovery phase, despite its longer-term struggles compared to the benchmark.