Why is Star Health Insu falling/rising?

As of 30-Jun, Star Health & Allied Insurance Company Ltd's stock price is currently at 421.35, reflecting an increase of 2.9, or 0.69%. The stock has shown a trend reversal by gaining after two consecutive days of decline. However, it remains below the 5-day, 20-day, 50-day, and 200-day moving averages, despite being higher than the 100-day moving average. The stock has underperformed significantly over the past year, with a return of -24.62%, and has seen a substantial drop in delivery volume, which fell by 73.49% against the 5-day average. While the company has strong long-term fundamentals, including a 26.73% CAGR growth in operating profits and high institutional holdings at 34.12%, it has also faced negative results recently, including a dramatic fall in PAT and PBDIT in the last quarter.
Broader market context indicates that the stock has consistently underperformed against the benchmark, with a -11.20% return year-to-date compared to a 7.00% gain in the broader market. Over the last three years, the stock has generated -13.80% returns while the benchmark has risen by 57.69%. This consistent underperformance, coupled with the recent negative financial results, suggests that investor sentiment may be cautious, contributing to the stock's volatility despite its recent uptick.