Why is Indiamart Inter. falling/rising?

As of 17-Sep, Indiamart Intermesh Ltd's stock price is currently at Rs 2,562.00, reflecting a decrease of Rs 34.1, or 1.31%. The stock has been underperforming, having lost 2.36% over the last two days and is currently lower than its 5-day, 20-day, and 50-day moving averages, despite being above the 100-day and 200-day moving averages. Additionally, the stock's delivery volume has decreased significantly, falling by 31.88% against the 5-day average, indicating a decline in investor participation. Over the past year, the stock has underperformed with a return of -16.04%, while it has shown some resilience year-to-date with a gain of 13.91%. Positive factors include high management efficiency with a return on equity of 18.31%, a low debt-to-equity ratio, and consistent positive results over the last nine quarters, which may support a hold recommendation despite the recent price decline.
Broader market context shows that the stock has underperformed compared to the Sensex, which has gained 1.56% over the past week while Indiamart's stock has decreased by 0.77%. In the longer term, the stock's performance over three years shows a gain of 13.95%, but this is significantly lower than the Sensex's 40.54% increase. The broader market's positive momentum contrasts with Indiamart's recent struggles, suggesting that while the company has strong fundamentals, external market conditions and recent investor behavior may be contributing to the stock's current downward trend.