Why is Indegene falling/rising?

As of 29-Jul, Indegene Ltd's stock price is currently at Rs 548.10, reflecting an increase of Rs 2.1 or 0.38%. The stock has shown a trend reversal, gaining after three consecutive days of decline, and opened with a gain of 2.18% today, reaching an intraday high of Rs 557.9. Despite this positive movement, the stock has underperformed in the past week and month, with returns of -0.29% and -3.68% respectively. Additionally, while the stock has a high management efficiency indicated by a return on equity (ROE) of 15.55% and a low debt-to-equity ratio, it has still generated a negative return of -13.59% over the past year, despite profits rising by 21%. The recent increase in institutional investor participation, with a 7.05% increase in their stake, may also be contributing to the stock's upward movement.
In the broader market context, Indegene's short-term performance has outperformed the benchmark Sensex, which has declined by 1.03% over the past week. However, the stock's year-to-date performance is significantly worse than the Sensex, which has gained 4.09%. The stock's liquidity remains adequate for trading, but there has been a notable decrease in delivery volume, which fell by 38.72% against the five-day average. This decline in investor participation could indicate a cautious sentiment among retail investors, contrasting with the positive outlook from institutional investors. Overall, while there are some encouraging signs for Indegene, the mixed performance metrics suggest a complex situation for the stock.