Why is Medico Remedies falling/rising?

As of 02-Jul, Medico Remedies Ltd's stock is currently priced at 40.62, reflecting a decline of 1.53, or 3.63%. Today's price summary indicates that the stock has underperformed its sector by 3.71% and has experienced a trend reversal after two consecutive days of gains. It opened with a loss of 2.73% and has traded within a wide range of Rs 4.04, with a day's high of Rs 43.04 and a low of Rs 39. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 18.42% compared to the 5-day average. While the company has shown strong financial metrics, such as a low Debt to EBITDA ratio and positive quarterly results, concerns about its expensive valuation, reduced promoter confidence, and a declining stake held by promoters may be contributing to the stock's recent downward movement.
In the broader market context, Medico Remedies has significantly underperformed compared to the Sensex, with a 1-week return of -17.82% against the benchmark's +0.79%. Over the past month, the stock has declined by 23.36%, while the Sensex has gained 2.50%. This stark contrast highlights the challenges Medico Remedies faces in the current market environment, despite its long-term performance over three and five years being strong relative to the benchmark. The combination of high volatility, falling investor confidence, and a lack of positive momentum in the short term suggests that the stock's recent decline is influenced by both company-specific issues and broader market dynamics.