Why is Indegene falling/rising?

As of 09-Sep, Indegene Ltd's stock price is currently at 550.00, reflecting a decrease of 2.3, or 0.42%. The stock has underperformed its sector by 2.59% today and has experienced a consecutive decline over the last two days, with a total drop of 2.51% in that period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past month, Indegene's stock has decreased by 3.64%, while its year-to-date performance shows a decline of 8.94%. Despite these declines, the company has reported positive financial results, including a 22.93% growth in PAT and record net sales, which may indicate underlying strength. Furthermore, the company has a high return on equity (ROE) of 15.55% and a low debt-to-equity ratio, which could support its valuation despite the stock's recent performance.
In the broader market context, the Sensex has increased by 1.18% over the past week, contrasting with Indegene's modest gain of 0.51% during the same period. This suggests that while the overall market is experiencing positive momentum, Indegene is lagging behind. The decline in delivery volume by 11.36% compared to the 5-day average indicates falling investor participation, which may contribute to the stock's downward pressure. However, the increase in institutional investor participation, with a 7.05% rise in their stake, suggests a level of confidence in the company's fundamentals, which could provide some support for the stock in the longer term.