Why is Star Health Insu falling/rising?

As of 04-Jul, Star Health & Allied Insurance Company Ltd's stock price is currently at 421.10, reflecting an increase of 2.35 (0.56%). Despite this positive movement today, the stock has shown a significant decline over the past month, with a return of -9.58%, and a more substantial drop of -28.38% over the last year. Today's performance indicates that the stock has outperformed its sector by 0.43%, although it is trading below several moving averages, specifically the 5-day, 20-day, 50-day, and 200-day averages. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by -60.14% compared to 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 faced challenges, such as a significant drop in profits and consistent underperformance against benchmarks over the past three years.
In the broader market context, the stock's short-term return of +0.63% over the past week contrasts with the Sensex, which has declined by -0.74% during the same period. However, the stock's year-to-date performance of -11.25% starkly contrasts with the Sensex's gain of +6.77%. This underperformance is compounded by negative quarterly results, including a drastic fall in PAT and operating profit margins. The stock is currently trading at a discount compared to its peers, which may attract some investors, but the overall trend indicates a struggle to regain momentum amidst declining profits and market skepticism.