Why is Interglobe Aviat falling/rising?

As of 10-Jul, Interglobe Aviation Ltd's stock price is currently at Rs 5,845.00, reflecting a decrease of -1.55 (-0.03%). Despite this slight decline, the stock has shown strong performance over the past week, with a return of +1.24%, and has outperformed the Sensex, which saw a minor decrease of -0.06%. The stock is trading close to its 52-week high, just 2.98% away, and has been performing in line with its sector. However, it has experienced a trend reversal after two consecutive days of gains. Notably, the stock is trading above all its moving averages, indicating a generally positive trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 223.58% against the 5-day average, suggesting strong interest despite the current price drop.
In the broader market context, Interglobe Aviation's performance has been robust compared to the benchmark, with a year-to-date return of +28.38% versus the Sensex's +6.46%. This indicates that the stock has been a strong performer relative to the market. The company's high management efficiency, as evidenced by a return on capital employed (ROCE) of 17.04%, and healthy long-term growth rates in net sales and operating profit contribute positively to its valuation. However, it is important to note that while the stock has generated a return of 36.59% over the past year, its profits have decreased by -11.2%, which may be a factor in the recent price movement. The high institutional holdings at 45.85% suggest that informed investors are backing the stock, which could provide some stability despite the current fluctuations.