Why is Innova Captab falling/rising?

As of 10-Nov, Innova Captab Ltd's stock price is currently at Rs 738.40, reflecting a decline of Rs 29.35 or 3.82%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 10.6% during this period. It opened with a loss of 2.31% today and reached an intraday low of Rs 738.40. Over the past week, the stock has decreased by 9.04%, and its year-to-date performance shows a significant decline of 33.12%. Despite a strong ability to service debt and attractive valuations compared to peers, the stock's recent performance is negatively impacted by flat results in the latest quarter, including a decrease in profit after tax and consistent underperformance against benchmarks over the last three years.
In the broader market context, the Sensex has only declined by 0.53% over the past week, indicating that Innova Captab's performance is significantly worse than the market. While the stock has high institutional holdings at 20.25%, which suggests some level of confidence from knowledgeable investors, the overall sentiment remains negative due to the company's recent financial results and its inability to generate positive returns compared to the benchmark indices. The stock's trading below all major moving averages further indicates a bearish trend, contributing to the ongoing decline in its price.