Why is Indus Towers falling/rising?

As of 07-Aug, Indus Towers Ltd is experiencing a decline in its stock price, currently at Rs 335.15, which reflects a decrease of Rs 5.85 or 1.72%. The stock has been underperforming, having fallen consecutively for the last three days with a total drop of 3.15%. It is trading below its moving averages across all time frames, indicating a bearish trend. Additionally, the stock has underperformed its sector by 2.33% today and has shown significant negative returns over various periods, including a 17.88% decline over the past month and a 20.43% drop over the past year. Despite a high management efficiency and healthy long-term growth in net sales and operating profit, the recent flat results and a significant drop in PAT have negatively impacted investor sentiment.
In the broader market context, Indus Towers has underperformed compared to the benchmark Sensex, which has seen a modest decline of only 0.69% over the past week. The stock's performance is particularly concerning given that it has generated a return of -20.43% over the last year, significantly worse than the market's overall negative return of -1.34%. The high institutional holdings at 45.68% suggest that informed investors are still backing the company, but the recent drop in delivery volume and the flat quarterly results indicate a lack of confidence among retail investors. This combination of factors has contributed to the stock's downward trajectory in the current market environment.