Why is Star Health Insu falling/rising?

As of 27-Jun, Star Health & Allied Insurance Company Ltd is experiencing a decline in its stock price, currently at 418.45, which represents a decrease of 5.05 or 1.19%. The stock has underperformed its sector by 1.28% today and has been on a downward trend for the past two days, with a total decline of 2.75% during this period. Over the last week, the stock has fallen by 1.63%, and its performance over the past month shows a significant drop of 10.07%. Additionally, the stock has generated a return of -20.88% over the past year, coinciding with a 23.6% decrease in profits. Despite strong long-term fundamentals, including a 26.73% CAGR growth in operating profits and a fair valuation compared to peers, the recent negative quarterly results, including a 99.7% drop in PAT, have contributed to the stock's downward movement.
In the broader market context, the stock's performance has been notably weaker than the benchmark, with the Sensex gaining 2.00% over the past week and 3.07% over the past month. Year-to-date, while the stock has declined by 11.81%, the benchmark has increased by 7.58%. This consistent underperformance against the benchmark over the last three years, coupled with a significant drop in investor participation—evidenced by a 78.57% decrease in delivery volume—suggests a lack of confidence among investors. High institutional holdings at 34.12% indicate that more sophisticated investors are also cautious, likely influenced by the company's recent negative financial results and overall market conditions.