Why is Indus Towers falling/rising?

As of 21-Aug, Indus Towers Ltd is experiencing a decline in its stock price, currently at 347.95, which reflects a decrease of 1.1 or 0.32%. The stock has shown a trend reversal, falling after three consecutive days of gains. It is currently performing inline with its sector, but the delivery volume has decreased significantly by 39.31% compared to the five-day average, indicating falling investor participation. Over the past week, the stock has increased by 4.49%, but it has seen a substantial decline of 13.90% over the past month and 18.07% over the past year, suggesting a challenging performance relative to the broader market. Despite high management efficiency and strong long-term growth indicators, the recent flat results and high valuation concerns are contributing to the stock's downward movement.
In the broader market context, while the Sensex has returned 1.74% over the past week, Indus Towers has outperformed this benchmark, indicating some resilience in the short term. However, the stock's one-year performance has significantly underperformed the market, with a return of -18.07% compared to the BSE500's -1.56%. This underperformance, combined with the company's flat quarterly results and high interest expenses, has led to a perception of the stock being expensive despite its strong fundamentals, contributing to the current decline in price.