Why is Inox India falling/rising?

As of 11-Aug, Inox India Ltd's stock price is currently at 1,116.20, reflecting a decrease of 15.45 points or 1.37%. The stock has underperformed its sector today by 1.63%, with trading volume skewed towards lower prices. Over the past week, the stock has declined by 4.91%, and over the past month, it has fallen by 9.33%. Despite these declines, the company maintains a high management efficiency with a return on equity (ROE) of 27.72% and a low debt-to-equity ratio, which are positive indicators. Additionally, institutional investors have increased their stake by 0.52% in the last quarter, suggesting a level of confidence in the company's fundamentals, although overall investor participation has decreased, as evidenced by a 28.02% drop in delivery volume compared to the five-day average.
In the broader market context, the Sensex has only declined by 0.51% over the past week and 2.30% over the past month, indicating that Inox India's performance is significantly weaker than the benchmark. Year-to-date, while Inox India has a modest gain of 0.89%, it still lags behind the Sensex's 3.15% increase. This underperformance relative to the market may contribute to investor sentiment and the stock's current downward trend. Overall, the combination of falling investor participation, recent price declines, and weaker performance compared to the benchmark suggests a challenging environment for Inox India Ltd at this time.