Why is Indus Towers falling/rising?

As of 01-Aug, Indus Towers Ltd is experiencing a decline in its stock price, currently at Rs 345.50, which represents a decrease of Rs 17.25 or 4.76%. The stock has underperformed its sector by 1.39% today and has been on a consecutive downward trend for the last three days, resulting in a total decline of 11.57% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite high management efficiency and significant institutional holdings, the company reported flat results for the quarter ending June 25, with a notable drop in profit after tax, which has likely contributed to the negative sentiment surrounding the stock.
In the broader market context, Indus Towers has significantly underperformed compared to the benchmark Sensex, with a 1-week return of -11.97% versus the benchmark's -1.06%, and a 1-month return of -17.74% compared to -3.70% for the Sensex. This stark contrast indicates that while the market has seen relatively minor declines, Indus Towers has faced substantial losses. The telecommunications equipment sector has also seen a decline of 3.43%, further reflecting the challenging environment for the stock. Overall, the combination of disappointing quarterly results, a significant drop in stock price, and underperformance relative to both the sector and the broader market has contributed to the current downward trend in Indus Towers' stock price.