Why is Indegene falling/rising?

As of 30-Jul, Indegene Ltd's stock price is currently at 546.55, reflecting a decrease of 1.55, or 0.28%. The stock has underperformed its sector by 0.68% today and is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 2.31%, and it has experienced a significant drop of 11.97% over the past year, while its profits have risen by 21%. Despite a high return on equity of 15.55% and a low debt-to-equity ratio, the stock's recent performance is hindered by a 32.22% decrease in delivery volume compared to the 5-day average, indicating falling investor participation.
In the broader market context, Indegene's performance has been weaker than the benchmark Sensex, which has declined by only 1.50% over the past week and has gained 4.28% year-to-date. While institutional investors have increased their stake by 7.05% in the last quarter, suggesting a positive outlook from more knowledgeable investors, the overall market sentiment and the stock's recent underperformance relative to the benchmark indicate challenges ahead. The combination of declining trading volumes and lower price movements compared to the benchmark suggests that investor confidence may be wavering despite some positive financial metrics.