Why is Medico Remedies falling/rising?

As of 05-Jun, Medico Remedies Ltd is currently priced at 52.99, reflecting an increase of 0.59 or 1.13%. The stock has shown a trend reversal, gaining after three consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish technical outlook. Despite a strong performance over the past year with a return of 51.40%, the stock has seen a decline of 2.77% over the past week and 2.90% over the past month. The company's ability to service debt remains strong, evidenced by a low Debt to EBITDA ratio of 0.94 times, and it reported positive results for March 25, with significant growth in profit before tax and operating profit margins. However, the stock is technically in a bearish range, with indicators such as MACD and Bollinger Bands suggesting negative momentum, and a high PEG ratio of 2 indicates an expensive valuation relative to its earnings growth.
In the broader market context, Medico Remedies has underperformed compared to the benchmark, with a 1-month return of -2.90% against the Sensex's gain of 0.80%. This underperformance is compounded by a significant drop in investor participation, with delivery volume falling by 46.25% against the 5-day average. Additionally, promoter confidence appears to be waning, as they have reduced their stake by 3.04% in the last quarter, which may signal concerns about the company's future prospects. Overall, while the stock has shown strong long-term performance, the recent technical indicators and declining investor confidence contribute to its current price movement.