Why is Star Health Insu falling/rising?

As of 17-Oct, Star Health & Allied Insurance Company Ltd is experiencing a price increase, currently at Rs 503.00, reflecting a rise of Rs 12.6 or 2.57%. The stock has shown strong performance today, outperforming its sector by 2.61% and achieving a consecutive gain over the last three days with a total return of 7.63%. Additionally, the stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The stock's performance over the past week and month has also been strong, with returns of 5.07% and 11.63%, respectively, although it has underperformed the benchmark Sensex over the year and three-year periods. The company benefits from strong long-term fundamentals, evidenced by a 26.68% CAGR growth in operating profits and high institutional holdings, which have increased by 0.87% over the previous quarter.
In the broader market context, Star Health's short-term performance has significantly outpaced the Sensex, which has only risen by 1.76% over the past week and 1.52% over the past month. This indicates that investor sentiment towards Star Health is currently more favorable compared to the overall market. The rising investor participation, highlighted by a 45.45% increase in delivery volume, further supports the stock's upward movement. Despite the stock's underperformance over the longer term, the current positive momentum and strong institutional backing suggest a bullish outlook in the short term.