Why is Interglobe Aviat falling/rising?

As of 09-Jul, Interglobe Aviation Ltd's stock price is currently at 5,846.55, reflecting an increase of 44.75, or 0.77%. The stock has shown a slight underperformance today, with a performance that is 0.35% lower than its sector. Despite this, it has been gaining for the last two days, with a total return of 1.6% during this period. The stock is close to its 52-week high, being just 3.24% away from Rs 6019.2. However, there has been a notable decline in investor participation, with delivery volume falling by 38.39% compared to the five-day average. The company has demonstrated strong fundamentals, including a high return on capital employed (ROCE) of 17.04%, consistent long-term growth in net sales, and a significant increase in profit after tax for the latest quarter, which has positively influenced investor sentiment.
In the broader market context, while Interglobe Aviation's stock has risen by 2.49% over the past month, the benchmark Sensex has only increased by 1.32%, indicating that the stock has outperformed the market in this timeframe. However, over the past week, the stock has declined by 1.57%, contrasting with the Sensex's slight gain of 0.15%. This performance suggests that while the stock has strong long-term potential and institutional backing, recent short-term fluctuations and reduced trading volume may be causing some caution among investors.