Why is Indiamart Inter. falling/rising?

As of 01-Jul, Indiamart Intermesh Ltd's stock price is currently at 2,588.70, reflecting a decrease of 6.3 points or 0.24%. The stock has been experiencing a downward trend, having fallen for the last four consecutive days, resulting in a total decline of 2.72% during this period. Despite this recent downturn, the stock has shown positive performance over the longer term, with a 1-month return of 11.10% and a year-to-date increase of 15.09%. However, there has been a notable decline in investor participation, as evidenced by a 50.93% drop in delivery volume compared to the 5-day average. On a positive note, the company has demonstrated strong management efficiency, a low debt-to-equity ratio, and consistent growth in operating profit, which may contribute to its overall stability despite the recent price drop.
In the broader market context, Indiamart's short-term performance has outpaced the benchmark Sensex, which recorded a 2.00% increase over the past week. This indicates that while the stock is currently facing a decline, it has been performing better than the market average in the recent past. The stock's high institutional holdings at 34.45% suggest that knowledgeable investors continue to support the company, which may provide some resilience against the recent price fluctuations. Overall, while the stock is experiencing a temporary decline, its long-term fundamentals remain strong, and it continues to outperform the benchmark in the short term.