Why is Indus Towers falling/rising?

As of 12-Aug, Indus Towers Ltd is currently priced at 338.70, reflecting an increase of 1.35 (0.4%). The stock has been gaining for the last two days, with a total return of 1.94% during this period. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a potential weakness in momentum. Despite a significant decline of 18.56% over the past year, the company has shown strong fundamentals, with a high return on capital employed (ROCE) of 18.42% and impressive growth in net sales and operating profit. Additionally, the stock is trading at a discount compared to its peers, and institutional holdings have increased, suggesting confidence from larger investors.
In the broader market context, Indus Towers has underperformed the benchmark Sensex, which has seen a decline of only 0.59% over the past week compared to the stock's drop of 1.20%. The stock's performance over the last month has also been significantly worse than the benchmark, with a decline of 16.03% versus the Sensex's 2.75%. This underperformance, coupled with a recent flat quarterly result and a substantial drop in profit after tax, may contribute to investor caution. Despite these challenges, the stock's liquidity remains adequate, and its high institutional ownership could provide some stability amidst the volatility.