Why is Inox India falling/rising?

As of 25-Aug, Inox India Ltd's stock price is currently at 1,151.75, reflecting a slight increase of 1.75, or 0.15%. The stock has been gaining momentum, having risen 2.11% over the last two days, and it is performing in line with its sector. However, despite this recent uptick, the stock has experienced a decline of 4.69% over the past month and a 4.66% drop over the past year. Notably, the stock is currently above its 5-day, 20-day, 100-day, and 200-day moving averages, but it remains below the 50-day moving average. Additionally, there has been a decrease in investor participation, with delivery volume falling by 23.68% compared to the 5-day average. On a positive note, the company boasts a high return on equity (ROE) of 27.72% and a low debt-to-equity ratio, which may contribute to its stability and attract institutional investors, who have increased their stake by 0.52% in the last quarter.
In the broader market context, Inox India's short-term performance of +5.70% over the past week significantly outpaces the Sensex's gain of only +0.45% during the same period. This indicates that the stock is currently outperforming the benchmark index in the short term, which may be a positive signal for investors. However, the longer-term trends show that while the stock has had a year-to-date return of +4.10%, it still lags behind the Sensex's +4.48% return. The overall market sentiment appears to be cautious, as indicated by the falling delivery volumes, which could suggest a lack of confidence among retail investors despite the positive institutional interest.