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

As of 04-Aug, Info Edge (India) Ltd is currently priced at 1,371.50, reflecting a slight increase of 3.6 or 0.26%. Despite this uptick, the stock has underperformed its sector by 1.36% today and is trading below its moving averages across various time frames. Over the past week, the stock has declined by 2.91%, and its year-to-date performance shows a significant drop of 21.19%. The recent delivery volume has also decreased by 56.78% compared to the five-day average, indicating falling investor participation. While the company has reported positive quarterly results with record net sales and profit after tax, it faces challenges with a high valuation reflected in its Price to Book Value ratio and a low return on equity of 2.7, which may deter some investors.
In the broader market context, the Sensex has shown a slight increase of 0.16% over the past week, contrasting with Info Edge's decline. The stock's performance over the past month is also negative at -7.42%, while the benchmark has decreased by only 2.89%. This underperformance relative to the market may contribute to investor sentiment leaning towards selling. Additionally, the company's high institutional holdings at 52.01% suggest that informed investors are closely monitoring its fundamentals, which could influence trading behavior. Overall, while there are positive aspects to the company's financial performance, the combination of high valuation concerns and recent underperformance relative to both the sector and the broader market may explain the stock's current price movement.