Why is Innovana Think. falling/rising?

As of 26-Jun, Innovana Thinklabs Ltd is currently priced at 520.35, reflecting a decrease of 2.45, or 0.47%. The stock recently hit a new 52-week and all-time high of Rs 534.9 but has since experienced a trend reversal, falling after four consecutive days of gains. Despite this decline, the stock has shown strong performance over the past week and month, with returns of 17.74% and 39.17%, respectively. However, it underperformed its sector by 0.41% today, and the weighted average price indicates that more volume was traded closer to the day's low of Rs 511.2. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 57.07% against the five-day average, which may contribute to the stock's recent price movement. The company maintains a low debt-to-equity ratio of 0.09 times, suggesting financial stability, which could support the stock in the long term.
In the broader market context, Innovana Thinklabs Ltd has outperformed the benchmark Sensex over the past week and month, with respective returns of 17.74% and 39.17% compared to the Sensex's 2.94% and 1.92%. However, the stock's recent decline may reflect a natural correction after reaching its peak, compounded by reduced trading volume and investor participation. While the stock remains liquid enough for trading, the current downward movement could be a response to profit-taking after its recent highs, despite the overall positive performance relative to the benchmark in the longer term.