Why is Vimta Labs falling/rising?

As of 12-Aug, Vimta Labs Ltd is experiencing a decline in its stock price, currently at Rs 613.00, which reflects a decrease of Rs 11.6 or 1.86%. The stock has been on a downward trend, having fallen consecutively for the last three days, resulting in a total drop of 5.68%. Despite this recent decline, the stock has shown strong performance over the longer term, with a remarkable 143.83% increase over the past year and a 35.94% rise in the last month. However, today's trading activity indicates a lower delivery volume, down by 79.93% compared to the five-day average, which suggests reduced investor participation.
In the broader market context, Vimta Labs has underperformed relative to the Sensex in the short term, with a weekly return of -7.03% compared to the benchmark's -0.59%. This underperformance may be influenced by the overall sector's decline, as the Medical Equipment/Supplies/Accessories sector has fallen by 2.7%. Despite these recent challenges, Vimta Labs maintains a low debt-to-equity ratio and has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 78.76%. These factors indicate that while the stock is currently facing downward pressure, its long-term fundamentals remain strong, positioning it as a potential hold for investors.