Why is Star Health Insu falling/rising?

As of 03-Jul, Star Health & Allied Insurance Company Ltd is experiencing a decline in its stock price, currently at Rs 418.75, which represents a decrease of Rs 12.55 or 2.91%. The stock has underperformed its sector by 2.39% today and has fallen after three consecutive days of gains. It touched an intraday low of Rs 415, reflecting a drop of 3.78%. Over the past week, the stock has decreased by 1.12%, and it has significantly underperformed the market over the last month and year, with returns of -11.84% and -27.33%, respectively. The company's operating profits have also declined by 23.6% over the past year, contributing to negative sentiment among investors. Despite strong long-term fundamentals, including a 26.73% CAGR growth in operating profits and a fair valuation, the recent negative quarterly results, particularly a 99.7% drop in PAT, have raised concerns.
Broader market context indicates that while the Sensex has gained 3.10% over the past month and 6.53% year-to-date, Star Health's performance has been notably poor, with a year-to-date return of -11.75%. This stark contrast highlights the stock's struggle to keep pace with broader market trends, which may be influencing investor sentiment negatively. Additionally, the significant drop in delivery volume by 76% against the 5-day average suggests a decrease in investor participation, further exacerbating the stock's downward movement. The high institutional holdings at 34.12% indicate that knowledgeable investors are closely monitoring the company's fundamentals, but the recent poor performance may lead to increased selling pressure.