Why is Indus Towers falling/rising?

As of 05-Sep, Indus Towers Ltd's stock price is currently at Rs 337.30, reflecting an increase of Rs 13.2 or 4.07%. The stock has shown positive momentum, gaining for the last two consecutive days with a total return of 4.09% during this period. Today's performance indicates that it has outperformed its sector by 1.91%, reaching an intraday high of Rs 341.75. Despite this recent uptick, the stock has underperformed in the longer term, with a year-to-date decline of 1.29% and a significant drop of 23.85% over the past year. Positive factors contributing to the stock's rise include high management efficiency, strong growth in net sales and operating profit, and a favorable PEG ratio of 0.2, indicating it is trading at a discount compared to peers. Additionally, high institutional holdings at 45.68% suggest confidence from larger investors.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has gained 1.13% over the past week. While Indus Towers has shown a slight decline of 0.57% over the same period, it has managed to rebound recently, aided by rising investor participation and a healthy trading volume. However, the stock's long-term performance remains concerning, as it has significantly lagged behind the market's overall performance, which has seen a modest decline of 1.81% over the past year. This disparity highlights the challenges faced by Indus Towers despite its recent gains, as it continues to grapple with past underperformance and flat results in its latest quarterly earnings.