Why is Indus Towers falling/rising?

As of 08-Aug, Indus Towers Ltd is experiencing a decline in its stock price, currently at 332.25, reflecting a decrease of 2.9 points or 0.87%. The stock has been on a downward trend, losing value for the past four days with a total decline of 3.99%. In the last week, it has underperformed the benchmark Sensex, with a return of -3.72% compared to the Sensex's -0.92%. Despite this, the stock has shown some positive signs today by outperforming its sector by 0.95%. However, it is trading below all its moving averages, indicating a bearish trend. The company has a high management efficiency with a return on capital employed (ROCE) of 18.42% and has seen significant growth in net sales and operating profit, yet it has also faced challenges, such as a flat PAT in the latest quarter and a substantial decline in stock performance over the past year.
In the broader market context, Indus Towers has underperformed significantly compared to the benchmark, with a one-year return of -20.34% against the BSE500's -1.79%. This stark contrast highlights the stock's struggles despite its strong fundamentals, including high institutional holdings and a fair valuation relative to peers. The telecommunications equipment sector has also faced a decline of 2.04%, which may be contributing to the stock's recent performance. While there is rising investor participation, as evidenced by a significant increase in delivery volume, the overall market sentiment appears to be weighing heavily on the stock, leading to its current downward trajectory.