Why is Indiamart Inter. falling/rising?

As of 02-Jul, Indiamart Intermesh Ltd's stock price is currently at 2,590.00, reflecting a slight increase of 1.3 (0.05%). The stock has shown a trend reversal, gaining after four consecutive days of decline. Despite this recent uptick, the stock has experienced a 2.68% decrease over the past week, while it has performed positively over the past month with an 11.40% increase. The stock's performance today is in line with the sector, although there has been a notable decline in investor participation, with delivery volume falling by 42.59% against the five-day average. The company maintains a high management efficiency with a return on equity (ROE) of 18.31%, a low debt-to-equity ratio, and has reported healthy long-term growth with operating profit increasing at an annual rate of 27.08%. Additionally, the company has delivered positive results for the last eight consecutive quarters, which supports its recent price movement.
In the broader market context, the Sensex has increased by 0.79% over the past week, contrasting with Indiamart's decline during the same period. However, the stock has outperformed the benchmark over the longer term, with a year-to-date return of 15.15% compared to the Sensex's 6.75%. This suggests that while the stock may be experiencing short-term volatility, its overall performance remains strong relative to the market. The high institutional holdings at 34.45% indicate that knowledgeable investors are confident in the company's fundamentals, which may provide some stability and support for the stock's price in the future.