Why is Indus Towers falling/rising?

As of 01-Sep, Indus Towers Ltd is currently priced at 339.55, reflecting a slight increase of 0.3 (0.09%). The stock has been gaining for the last two days, with a total return of 1% during this period. However, it has underperformed its sector by 0.41% today and is trading below its moving averages across various time frames. Over the past week, the stock has declined by 4.41%, and its year-to-date performance shows a decrease of 0.63%. Despite a significant drop of 25.94% over the past year, the company has demonstrated strong fundamentals, including a high return on capital employed (ROCE) of 18.42% and impressive growth in net sales and operating profit. Additionally, institutional holdings are robust at 45.68%, indicating confidence from larger investors, although the stock's recent flat quarterly results may raise concerns.
Broader market context indicates that while the Sensex has experienced a decline of 1.56% over the past week, Indus Towers has fared worse in comparison. The stock's performance has been notably weaker over the last year, with a return of -25.94% compared to the broader market's -2.43%. This underperformance highlights the challenges faced by Indus Towers, particularly in light of its recent financial results, which showed significant declines in profit before tax and profit after tax compared to previous quarters. Overall, while there are positive indicators regarding the company's long-term growth and management efficiency, the recent price movements reflect a combination of short-term challenges and broader market pressures.