Why is Indus Towers falling/rising?

As of 18-Sep, Indus Towers Ltd's stock price is currently at 354.10, reflecting a decrease of 0.4, or 0.11%. The stock has been experiencing a decline, having fallen consecutively for the last two days, resulting in a total drop of 1.43% during this period. Although the stock has shown a positive return of 4.78% over the past month, it has underperformed significantly over the past year with a decline of 17.18%. The company has high management efficiency and healthy long-term growth metrics, such as a 35.86% annual growth rate in net sales and a 44.91% increase in operating profit. However, recent flat results, particularly a 30.1% drop in PAT compared to the previous quarter average, and a high valuation relative to its earnings have contributed to investor concerns, leading to decreased participation in trading.
In the broader market context, the stock's short-term performance has lagged behind the benchmark, with the Sensex gaining 1.80% over the past week while Indus Towers only increased by 0.28%. This underperformance is further highlighted by the stock's 1-year return of -17.18%, compared to the market's slight gain of 0.08%. The decline in delivery volume by 20.21% against the 5-day average indicates a drop in investor interest, which may be exacerbated by the stock's recent financial results and its expensive valuation metrics. Despite high institutional holdings and being a major player in its sector, these factors combined suggest a cautious outlook for the stock in the current market environment.