Why is Narayana Hrudaya falling/rising?

As of 05-Aug, Narayana Hrudayalaya Ltd's stock price is currently at 1,807.50, reflecting a decline of 22.85 points or 1.25%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 7.09% during this period. Despite this recent downturn, the stock has shown strong performance over the longer term, with a 48.10% increase over the past year, significantly outpacing the broader market returns of 2.48%. The stock is currently trading higher than its 200-day moving average but lower than its shorter-term moving averages, indicating mixed momentum. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 189.42% compared to the five-day average, suggesting that some investors may see this as a buying opportunity.
In the broader market context, Narayana Hrudayalaya's short-term performance has been notably weaker than the benchmark, with a 9.24% decline over the past week compared to a 0.77% drop in the Sensex. This underperformance may reflect investor sentiment amid recent price movements, despite the company's strong fundamentals, such as a high return on capital employed and a low debt-to-EBITDA ratio. The company's ability to generate healthy operating profit growth at an annual rate of 92.27% further supports its long-term potential, yet the recent price action suggests that investors are currently cautious, possibly due to the stock's recent volatility and overall market conditions.