Why is Raaj Medisafe falling/rising?

As of 28-Jul, Raaj Medisafe India Ltd's stock is currently priced at Rs 95.00, reflecting a decline of Rs 5.00 or 5.0%. Today's performance indicates that the stock has underperformed its sector by 2.6% and has experienced a trend reversal after three consecutive days of gains. It opened with a loss of 2.9% and reached an intraday low of Rs 95, with trading volume concentrated near this low price. Despite this decline, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a modest gain of 1.07%, while its one-month performance is down by 3.70%. Although the company has reported impressive long-term growth in net sales and profits, it also carries a high debt burden, which may be contributing to the recent price drop.
In the broader market context, Raaj Medisafe's short-term performance contrasts with the Sensex, which has declined by 1.59% over the past week. This suggests that while the stock has outperformed the benchmark in the short term, the overall market sentiment may be affecting its price negatively. The medical equipment sector has also seen a decline of 2.35%, indicating a challenging environment for stocks in this category. Despite the company's strong fundamentals, including a significant increase in net profit and attractive valuation metrics, the high debt levels and recent sector performance may be contributing to the stock's current downward movement.