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

As of 30-Jul, Info Edge (India) Ltd is experiencing a decline in its stock price, currently at Rs 1,390.00, which reflects a decrease of Rs 22.5 or 1.59%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total return of -5.75% over the past week. Additionally, it has touched an intraday low of Rs 1,366.4, indicating significant selling pressure. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bearish trend. Despite having a low debt-to-equity ratio and high institutional holdings at 52.01%, the stock's valuation appears expensive with a price-to-book value of 2.6, contributing to investor concerns. In the broader market context, Info Edge's recent performance contrasts with the benchmark Sensex, which has only declined by 1.50% over the same week. The stock's year-to-date performance is particularly concerning, showing a decline of 20.13%, while the Sensex has gained 4.28% in the same period. This stark difference highlights the stock's struggles relative to the market. Furthermore, the falling investor participation, with a significant drop in delivery volume, indicates waning interest among traders, which may further exacerbate the stock's downward trajectory.