Why is Medi Assist Ser. falling/rising?

As of 06-Nov, Medi Assist Healthcare Services Ltd is experiencing a decline in its stock price, currently at Rs 512.80, which reflects a decrease of Rs 42.35 or 7.63%. The stock has underperformed its sector by 6.35% today and has been on a downward trend, falling consecutively for the last two days with a total decline of 10.29%. It opened with a loss of 3.27% today and reached an intraday low of Rs 503.85. Over the past week, the stock has decreased by 9.56%, and its year-to-date performance shows a decline of 11.59%. The company's fundamentals are under scrutiny, with a low operating profit to interest ratio and a significant drop in profit after tax, which has fallen by 66.3% compared to the previous four-quarter average. Despite having a strong long-term fundamental strength indicated by a return on equity of 1.40% and high institutional holdings, the stock's expensive valuation and consistent underperformance against benchmarks have contributed to its recent price decline.
In the broader market context, the stock's performance has been notably weaker than the benchmark, with a 1-month return of -4.16% compared to a positive return of 1.86% for the Sensex. The stock has also underperformed the benchmark over the past year, generating a return of -18.21% while the Sensex has increased by 3.65%. This consistent underperformance, coupled with falling investor participation and liquidity issues, has likely influenced investor sentiment negatively, leading to the stock's current downward trajectory.