Why is Medico Remedies falling/rising?

As of 04-Sep, Medico Remedies Ltd is currently priced at 39.15, reflecting a decline of 0.91, or 2.27%. The stock has underperformed its sector by 2.12% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. In the past week, the stock has shown a slight increase of 0.93%, but over the past month, it has decreased by 2.03%. Notably, the delivery volume has significantly dropped by 71.48% compared to the 5-day average, indicating reduced investor participation. Although the company has demonstrated strong financial metrics, such as a low Debt to EBITDA ratio and healthy operating profit growth, the recent decrease in promoter confidence, with a 1.2% reduction in their stake, raises concerns about future performance.
Broader market context shows that while Medico Remedies has underperformed the market over the past year, with a return of -14.72% compared to the BSE500's -4.38%, it has outperformed the benchmark in the short term, gaining 0.93% over the last week against the Sensex's 0.80%. Despite the company's positive financial indicators, including a growing PAT and net sales, the overall sentiment appears to be negative due to the declining promoter stake and the stock's significant underperformance relative to the broader market. This combination of factors contributes to the stock's current downward movement.