Why is Interglobe Aviat falling/rising?

As of 04-Jul, Interglobe Aviation Ltd's stock price is currently at 5,762.70, reflecting a decrease of 10.8 points or 0.19%. The stock has been experiencing a downward trend, having fallen for the last four consecutive days, resulting in a total decline of 3.58% during this period. Although the stock is 4.45% away from its 52-week high of Rs 6019.2, it remains above its 20-day, 50-day, 100-day, and 200-day moving averages. The stock has shown strong performance over the longer term, with a year-to-date return of 26.57% and a one-year return of 34.43%. However, recent performance has been impacted by a significant drop in investor participation, with delivery volume falling by 44.83% compared to the five-day average. Despite this, the company has demonstrated high management efficiency, a healthy growth rate in net sales, and positive results after two negative quarters, which could support its valuation.
In the broader market context, the stock's short-term performance of -0.84% over the past week is slightly worse than the benchmark Sensex, which has declined by 0.74% during the same period. However, the stock has outperformed the benchmark over the longer term, with a three-year return of 249.20% compared to the Sensex's 56.73%. The high institutional holdings at 45.85% suggest that knowledgeable investors are backing the company, which may provide some stability despite the recent price decline. Overall, while Interglobe Aviation Ltd has shown strong long-term growth and efficiency, the recent drop in investor participation and consecutive price falls indicate a cautious sentiment in the short term.