Why is ICRA falling/rising?

As of 25-Sep, ICRA Ltd's stock price is currently at 6,500.95, reflecting a decline of 80.4 points or 1.22%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decrease of 2.86% during this period. Additionally, the stock has shown a negative return of 1.18% over the past week, while it has performed better over the past month with a gain of 2.76%. Despite these fluctuations, the company maintains a low debt-to-equity ratio and high institutional holdings at 33.04%, which suggests that it has a stable financial foundation and is backed by investors who can analyze its fundamentals effectively.
In the broader market context, ICRA's recent performance contrasts with the Sensex, which has declined by 2.23% over the past week. This indicates that while ICRA has underperformed its sector today, it has outperformed the benchmark over the past month. However, the falling investor participation, evidenced by a significant drop in delivery volume, may be contributing to the stock's recent decline. The liquidity of the stock remains adequate, but the overall market sentiment appears to be weighing on its price, leading to the current downward trend.