Why is Innovana Think. falling/rising?

As of 25-Jul, Innovana Thinklabs Ltd is experiencing a decline in its stock price, currently at Rs 547.40, which reflects a decrease of Rs 33.05 or 5.69%. The stock has underperformed its sector today by 4.22%, opening with a loss of 2.68% and reaching an intraday low of Rs 526.2, marking a significant drop of 9.35%. Over the past week, the stock has fallen by 8.02%, while it has shown a positive return of 4.71% over the last month. Despite its current struggles, the company has a low debt-to-equity ratio, and there has been an increase in institutional investor participation, with a 0.61% rise in their stake, indicating a level of confidence in the company's fundamentals.
In the broader market context, the Sensex has only decreased by 0.36% over the past week, suggesting that Innovana's decline is more pronounced than the overall market trend. While the stock has outperformed the benchmark with a year-to-date return of 27.90% compared to the Sensex's 4.25%, the recent performance indicates a shift in investor sentiment. The falling delivery volume, which has decreased by 12.48% against the five-day average, may reflect waning interest among retail investors, further contributing to the stock's downward movement.