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

As of 28-Jul, Info Edge (India) Ltd is experiencing a decline in its stock price, currently at Rs 1,412.55, which reflects a decrease of Rs 28.1 or 1.95%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 4.22% during this period. Additionally, it has underperformed its sector by 0.73%. The stock is 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 the highest quarterly net sales and a significant increase in profits, the stock's valuation remains high with a Price to Book Value of 2.6, contributing to its recent price drop.
In the broader market context, Info Edge's short-term performance contrasts with the benchmark Sensex, which has declined by 1.59% over the past week while Info Edge has gained 0.55%. However, over the last month, Info Edge has fallen by 6.89%, compared to a 3.77% drop in the Sensex, indicating a weaker performance relative to the market. The stock's liquidity remains adequate for trading, but a significant drop in delivery volume suggests a decrease in investor participation, which may further pressure the stock price. Overall, the combination of high valuation concerns, recent price trends, and declining investor interest are contributing to the stock's downward movement.