Why is Indiamart Inter. falling/rising?

As of 27-Jun, Indiamart Intermesh Ltd is experiencing a decline in its stock price, currently at 2,610.00, which reflects a decrease of 24.0 points or 0.91%. The stock has underperformed its sector by 0.62% today and has been on a downward trend for the last two days, resulting in a total loss of 1.92% during this period. Despite this recent decline, the stock has shown positive performance over the past week and month, with returns of 5.28% and 13.08%, respectively. The company has demonstrated strong fundamentals, including a high return on equity (ROE) of 18.31%, a low debt-to-equity ratio, and consistent positive results over the last eight quarters, which may support its long-term growth outlook.
In the broader market context, while Indiamart's short-term performance has been weaker compared to the benchmark Sensex, which has gained 2.00% over the past week, the stock has still outperformed the index over the longer term, with a year-to-date return of 16.04% against the Sensex's 7.58%. However, the recent drop in delivery volume by 24.45% against the five-day average indicates falling investor participation, which could be contributing to the stock's current price decline. The liquidity remains adequate for trading, but the combination of recent underperformance and reduced investor engagement may be influencing the stock's negative movement.