Why is Indus Towers falling/rising?

As of 05-Aug, Indus Towers Ltd is currently priced at 342.80, reflecting a decrease of 3.25 points or 0.94%. The stock has underperformed its sector by 0.36% today and is trading below its moving averages across all time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has seen a significant decline of 12.26%, and it has also dropped 19.30% over the last month. Despite a healthy long-term growth rate in net sales and operating profit, the recent flat results in June, particularly a 30.1% decline in PAT compared to the previous quarter average, have negatively impacted investor sentiment. Additionally, while institutional holdings remain high at 45.68%, the stock's expensive valuation and underperformance relative to the broader market over the past year have contributed to its current price decline.
In the broader market context, the Sensex has only decreased by 0.77% over the past week, indicating that Indus Towers' short-term performance is significantly lagging behind the benchmark. The stock's year-to-date return is slightly positive at 0.32%, but it has underperformed the market over the last year, generating a negative return of 17.09% compared to the Sensex's positive return of 2.48%. This stark contrast highlights the challenges faced by Indus Towers in attracting investor confidence, especially given the recent flat financial results and high interest expenses, which have further pressured the stock's performance.