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

As of 14-Jul, Info Edge (India) Ltd is experiencing a price increase, currently at 1,396.00, reflecting a rise of 15.0 or 1.09%. Today's price summary indicates that the stock has outperformed its sector by 2.12% and has gained after three consecutive days of decline. Despite this recent uptick, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 2.33%, and it has seen a significant drop of 19.78% year-to-date, although it has generated a return of 1.81% over the last year. The company benefits from a low debt-to-equity ratio and high institutional holdings at 52.09%, which may provide some stability and confidence among investors. However, the stock's valuation appears expensive with a price-to-book ratio of 2.6, and despite a profit increase of 51.4% over the past year, its return on equity stands at a low 2.7.
In the broader market context, the Sensex has declined by 1.42% over the past week, which suggests that Info Edge's recent performance is somewhat resilient compared to the benchmark. However, the stock's year-to-date performance is significantly worse than the Sensex, which has gained 5.27% during the same period. This disparity indicates that while Info Edge may be experiencing a short-term rebound, its long-term performance remains under pressure compared to the overall market. The combination of high institutional ownership and consistent returns over the last three years may provide some support, but the expensive valuation and low return on equity could weigh on investor sentiment moving forward.