Why is Niva Bupa Health falling/rising?

As of 25-Sep, Niva Bupa Health Insurance Company Ltd's stock price is currently at 80.95, reflecting a decrease of 0.21, or 0.26%. The stock has been underperforming recently, having fallen for the last three days with a total decline of 2.2%. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite these challenges, the stock has outperformed its sector by 1.1% today, and there has been a notable increase in investor participation, with delivery volume rising by 112.86% compared to the 5-day average. However, the company reported disappointing quarterly results, with significant declines in profit before tax and profit after tax, leading to concerns about its valuation, which appears expensive given its low return on equity.
In the broader market context, Niva Bupa's short-term performance has been relatively better than the benchmark Sensex, which has declined by 2.23% over the past week, while Niva Bupa's decline is limited to 1.33%. However, the company's year-to-date performance shows a decline of 3.45%, contrasting sharply with the Sensex's gain of 3.87%. This divergence highlights the stock's struggles despite strong long-term fundamentals, such as a robust growth rate in operating profits and net sales. The high institutional holdings suggest confidence from larger investors, but the recent flat results and expensive valuation may be weighing on the stock's price movement.