Why is Info Edg.(India) falling/rising?

As of 11-Jul, Info Edge (India) Ltd is experiencing a decline in its stock price, currently at Rs 1,381.00, which represents a decrease of Rs 39.5 or 2.78%. The stock has underperformed its sector by 0.64% today and has been on a consecutive downward trend for the last three days, resulting in a total decline of 5.41% during this period. It has also been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite positive financial results in March 2025, including record net sales and profit after tax, the stock's valuation remains high with a Price to Book Value of 2.6, which is considered expensive compared to its peers. Additionally, the company's low return on equity (ROE) of 2.7 and a PEG ratio of 1.9 suggest that the stock may not be a favorable investment at its current price.
In the broader market context, the stock's performance over the past week shows a decline of 6.78%, while the benchmark Sensex has only fallen by 1.12%. Over the past month, Info Edge has dropped 8.48%, contrasting with the Sensex's negligible change of -0.02%. This significant underperformance relative to the benchmark indicates that investor sentiment towards Info Edge is weak, compounded by a decrease in delivery volume, which fell by 13.31% against the 5-day average. The IT - Software sector has also seen a decline of 2.17%, contributing to the overall negative sentiment surrounding the stock.