Why is Interglobe Aviat falling/rising?

As of 08-Jul, Interglobe Aviation Ltd's stock price is currently at 5,801.80, reflecting an increase of 63.3, or 1.1%. The stock has shown a trend reversal, gaining after five consecutive days of decline. It is currently 3.75% away from its 52-week high of Rs 6019.2. Despite a significant drop in delivery volume by 69.45% against the five-day average, the stock remains liquid enough for trading. Over the past month, the stock has increased by 5.90%, and year-to-date, it has risen by 27.43%, significantly outperforming the Sensex, which has only increased by 7.13% during the same period. The company's strong management efficiency, with a high return on capital employed (ROCE) of 17.04%, and healthy long-term growth metrics, including a 61.9% growth in profit after tax, contribute positively to its recent price movement.
In the broader market context, while Interglobe Aviation's stock has experienced a short-term decline of 2.75% over the past week, it has outperformed the Sensex, which has remained relatively flat at +0.02%. The stock's consistent returns over the last three years and high institutional holdings at 45.85% indicate strong confidence from knowledgeable investors. However, it is essential to note that despite the positive growth in sales and profits, the stock's profits have fallen by 11.2% over the past year, which could temper investor enthusiasm. Overall, the combination of recent positive performance metrics and a solid institutional backing suggests that the stock is on an upward trajectory, despite some short-term volatility.