Why is Indus Towers falling/rising?

As of 29-Aug, Indus Towers Ltd's stock price is currently at Rs 339.25, reflecting an increase of Rs 3.05 or 0.91%. The stock has shown a trend reversal, gaining after two consecutive days of decline. Today, it outperformed its sector by 0.44% and reached an intraday high of Rs 346.4, which is a 3.03% increase. Despite this positive movement, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 4.03%, and it has experienced a significant drop of 24.02% over the past year, even as its profits have risen by 47.3%. The stock's PEG ratio of 0.2 indicates it is undervalued compared to its earnings growth, and the high institutional holdings of 45.68% suggest confidence from larger investors.
Broader market context indicates that while Indus Towers has faced a decline of 4.03% over the past week, the benchmark Sensex has fallen by only 1.84% during the same period. This underperformance relative to the benchmark highlights the stock's volatility. However, the company's strong fundamentals, including a high return on capital employed (ROCE) of 18.42% and significant growth in net sales and operating profit, provide a solid foundation for potential recovery. The increase in delivery volume by 19.86% against the 5-day average also signals rising investor interest, which could support further price stabilization or growth in the near future.