Why is Indegene falling/rising?

As of 22-Jul, Indegene Ltd's stock price is currently at Rs 549.70, reflecting a decline of Rs 12.35 or 2.2%. The stock has been underperforming, having fallen for the last four consecutive days, resulting in a total drop of 5.39% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock's performance over the past week and month shows declines of 4.68% and 4.40%, respectively, while it has underperformed the sector by 1.98% today. Despite a high management efficiency with a return on equity (ROE) of 15.55% and positive financial results in March 2025, the stock's recent movement has been negatively impacted by falling investor participation, as evidenced by a decrease in delivery volume.
In the broader market context, Indegene's short-term performance has significantly lagged behind the benchmark Sensex, which has only declined by 0.47% over the past week and 0.27% over the past month. While institutional investors have increased their stake in the company, indicating a level of confidence in its fundamentals, the overall market sentiment appears to be weighing on the stock's price. The stock's year-to-date performance shows a decline of 8.99%, contrasting sharply with the Sensex's gain of 5.18%, further highlighting the challenges Indegene is facing in the current market environment.