Why is Indus Towers falling/rising?

As of 17-Sep, Indus Towers Ltd is experiencing a decline in its stock price, currently at 354.50, which reflects a decrease of 4.75 or 1.32%. The stock has underperformed its sector by 0.64% today, and while it is above its 5-day and 20-day moving averages, it is below the 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 1.29%, but it has a year-to-date return of only 3.75%, significantly lagging behind the benchmark Sensex, which has returned 5.83% during the same period. The recent drop in delivery volume by 58.74% against the 5-day average indicates falling investor participation, which may contribute to the stock's downward movement.
In the broader market context, while the stock has shown some resilience over the past three years with a return of 73.60%, it has underperformed over the last year with a decline of 17.40%, compared to the Sensex's slight decrease of 0.46%. The company's flat results in the latest quarter, including a significant drop in PAT and low operating profit to interest ratio, suggest underlying financial pressures. Despite high management efficiency and strong institutional holdings, the stock's expensive valuation and recent performance relative to the market may deter investors, leading to its current price decline.