Why is Nexus Surgical falling/rising?

As of 15-Jul, Nexus Surgical and Medicare Ltd's stock is currently priced at Rs 16.00, reflecting a decline of Rs 1.0 or 5.88%. Today's price summary indicates that the stock opened with a significant loss of 9.65% and reached an intraday low of Rs 15.36. The stock has underperformed its sector by 6.69% today and is trading below all key moving averages, indicating a bearish trend. Additionally, the stock has shown a poor performance over various time frames, with a 1-week return of -8.83% and a year-to-date return of -42.20%. The company has also experienced a substantial drop in delivery volume, which fell by 62.08% compared to the 5-day average, suggesting a lack of investor interest. The stock's fundamentals are weak, with a high price-to-book value and a low PEG ratio, indicating that it is overvalued despite a rise in profits.
In the broader market context, Nexus Surgical's short-term performance has significantly lagged behind the benchmark, with the Sensex only declining by 1.36% over the past week. This stark contrast highlights the stock's underperformance relative to the market. The company's long-term outlook is also concerning, as it has consistently underperformed the BSE500 over the past three years, one year, and three months. The combination of weak investor participation, poor short-term returns, and unfavorable comparisons to the broader market suggests that the stock is facing significant challenges, contributing to its current downward trajectory.