Why is Indus Towers falling/rising?

As of 30-Jun, Indus Towers Ltd is experiencing a price increase, currently at Rs 421.05, reflecting a rise of Rs 8.65 or 2.1%. The stock has shown strong performance, with a 4.79% increase over the past week and a 9.72% increase over the past month. Despite today's performance underperforming the sector by 0.38%, the stock is trading above all major moving averages, indicating a positive trend. Additionally, the company has demonstrated high management efficiency with a return on capital employed (ROCE) of 18.42%, and its net sales have grown at an annual rate of 34.90%, contributing to a healthy long-term growth outlook. Institutional holdings are also significant at 44.84%, suggesting confidence from larger investors, which has increased by 0.89% over the previous quarter.
In the broader market context, Indus Towers has outperformed the benchmark Sensex, which has risen by 2.09% over the past week, while the stock has gained 4.79% in the same period. The telecommunications equipment sector has also seen a gain of 2.47%, indicating a favorable environment for the stock. However, a decline in investor participation, with a 4.32% drop in delivery volume compared to the five-day average, could be a concern for future momentum. Overall, the stock's strong historical performance and substantial market presence, constituting 52.93% of the sector, support its current upward movement despite some short-term challenges.