Why is Innovana Think. falling/rising?

As of 31-Jul, Innovana Thinklabs Ltd is experiencing a decline in its stock price, currently at Rs 508.55, which represents a decrease of Rs 14.45 or 2.76%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total return of -12.39% over that period. Today's performance indicates that it underperformed its sector by 2.16%, and it reached an intraday low of Rs 505, reflecting a drop of 3.44%. Additionally, the stock's trading volume has significantly decreased, with a delivery volume drop of 71.25% compared to the five-day average. While the company maintains a low debt-to-equity ratio of 0.09, which is favorable, the recent increase in institutional investor participation, with a 0.61% rise in stakes, suggests some confidence in the company's fundamentals despite the current price decline.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with a 1-week return of -12.39% compared to the Sensex's -1.22%. Over the past month, Innovana's stock has decreased by 16.40%, while the Sensex has only fallen by 3.00%. This stark contrast indicates that the stock is facing specific challenges that are not affecting the broader market to the same extent. Despite the positive trend of institutional investment, the overall market sentiment and the stock's recent performance suggest that investors are currently cautious about Innovana Thinklabs Ltd.