Why is Star Health Insu falling/rising?

As of 13-Jun, Star Health & Allied Insurance Company Ltd is experiencing a decline in its stock price, currently at 443.75, which reflects a decrease of 11.75 or 2.58%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 4.17%. It opened with a loss of 3.7% today and reached an intraday low of Rs 438.6. Over the past week, the stock has decreased by 5.75%, while its one-year performance shows a significant decline of 14.09%. Despite strong long-term fundamental strength indicated by a 26.73% CAGR growth in operating profits, the stock's profits have fallen by 23.6% over the past year, contributing to its negative price movement. Additionally, the stock's high institutional holdings at 34.12% suggest that these investors are aware of the company's fundamentals, yet the recent negative results, including a drastic fall in PAT and PBDIT, have raised concerns.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with a 5.75% decline compared to the Sensex's 1.30% drop over the past week. This consistent underperformance against the benchmark over the last three years, coupled with a year-to-date decline of 6.48% while the Sensex has gained 3.81%, indicates a lack of investor confidence. The falling investor participation, as evidenced by a 57.83% drop in delivery volume, further underscores the challenges the stock is facing in attracting buyers, contributing to its current downward trend.