Why is Innova Captab falling/rising?

As of 20-Oct, Innova Captab Ltd's stock price is currently at 796.10, reflecting a decrease of 9.2 points or 1.14%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 4.48% during this period. Despite opening with a gain of 2.01% today and reaching an intraday high of Rs 821.45, the stock is trading below all its moving averages, indicating a bearish trend. Additionally, while the company has a strong ability to service debt and healthy long-term growth, the flat results reported on June 25 and the lowest operating cash flow of Rs 63.84 Cr may be contributing to investor concerns, overshadowing the positive aspects such as a low Debt to EBITDA ratio and attractive valuation metrics.
In the broader market context, Innova Captab's performance over the past week shows a decline of 4.13%, while the benchmark Sensex has increased by 2.47%, highlighting a significant underperformance relative to the market. Over the past month, the stock has dropped 7.74%, contrasting with the Sensex's gain of 2.10%. This disparity suggests that investor sentiment towards Innova Captab is weak compared to the overall market, despite the company's high institutional holdings and a PEG ratio of 1, which typically indicates a fair valuation. The combination of recent poor performance and the broader market's positive movement likely exacerbates the stock's downward trend.