Why is Medico Remedies falling/rising?

As of 27-Jun, Medico Remedies Ltd is experiencing a significant decline in its stock price, currently at Rs 40.07, reflecting a decrease of Rs 8.93 or 18.22%. The stock has underperformed its sector by 19.1% today and has been on a downward trend for the past two days, with a total drop of 18.94%. It reached an intraday low of Rs 39.2, indicating high volatility with an intraday fluctuation of 17.28%. Over the past week, the stock has fallen by 16.54%, and year-to-date, it has decreased by 26.38%. While the company has shown strong financial metrics, such as a low Debt to EBITDA ratio and positive profit growth, the recent reduction in promoter confidence, with a 3.04% decrease in their stake, may have contributed to the stock's negative sentiment.
In the broader market context, Medico Remedies' performance contrasts sharply with the Sensex, which has gained 2.00% over the past week and 7.58% year-to-date. This stark difference highlights the stock's struggles relative to the overall market. The company's recent financial results show profitability growth, yet the decline in stock price suggests that investor sentiment is being influenced more by the decreasing promoter stake and falling investor participation, as evidenced by a 68.38% drop in delivery volume compared to the five-day average. This combination of internal challenges and external market performance is likely driving the stock's current downward trajectory.