Why is Indiamart Inter. falling/rising?

As of 12-Sep, Indiamart Intermesh Ltd's stock price is currently at 2,590.90, reflecting a decrease of 17.15 points or 0.66%. The stock has underperformed its sector by 0.86% today, despite trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a modest gain of 1.23%, but it has declined by 17.12% over the past year, contrasting with a 4.82% increase in year-to-date performance. The company has maintained a high management efficiency with a return on equity of 18.31%, a low debt-to-equity ratio, and has reported positive results for the last nine consecutive quarters, which includes a significant growth in profit after tax and net sales.
In the broader market context, the stock's recent performance has lagged behind the benchmark Sensex, which has gained 1.48% over the past week. While Indiamart has shown positive returns over the last month and year-to-date, its one-year performance remains negative, indicating potential concerns among investors. Additionally, a notable decline in delivery volume by 16.22% against the 5-day average suggests falling investor participation, which could be contributing to the stock's downward movement. Despite high institutional holdings that typically indicate confidence in the company's fundamentals, the overall market sentiment appears to be cautious, impacting the stock's price negatively.