Why is Innova Captab falling/rising?

As of 13-Jun, Innova Captab Ltd's stock price is currently at Rs 901.00, reflecting a decline of Rs 53.0 or 5.56%. Today's price summary indicates that the stock opened with a gain of 3.24% but has since fallen, marking a trend reversal after two consecutive days of gains. The stock reached an intraday high of Rs 1002.95 before dropping to a low of Rs 901. The stock has been highly volatile today, with an intraday volatility of 6.65%, and it has traded in a wide range of Rs 101.95. Despite a strong annual return of 83.48% over the past year, the stock has underperformed the sector today by 5.27%. Positive factors include a strong ability to service debt, healthy long-term growth, and high institutional holdings, while negative factors include flat results in the latest quarter, which may have contributed to the current price decline.
In the broader market context, Innova Captab's short-term performance over the past week shows a gain of 2.12%, contrasting with the Sensex, which has declined by 1.30%. However, the stock's year-to-date performance is down 18.39%, while the Sensex has gained 3.81%. This indicates that while the stock has shown resilience in the short term, it is struggling in the longer term compared to the benchmark. The recent volatility and price drop may reflect investor caution following the flat quarterly results, despite the company's strong fundamentals and past performance.