Why is Interglobe Aviat falling/rising?

As of 11-Jul, Interglobe Aviation Ltd's stock price is rising, currently at 5,919.60, reflecting an increase of 74.6 or 1.28%. The stock is trading close to its 52-week high, just 1.68% away from Rs 6019.2, and is performing in line with its sector. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Over the past week, the stock has gained 2.72%, and it has shown impressive returns of 30.02% year-to-date and 36.90% over the past year, significantly outperforming the benchmark Sensex, which has only increased by 5.58% during the same period. However, there is a noted decline in investor participation, with delivery volume falling by 33.07% against the 5-day average.
In the context of broader market dynamics, while Interglobe Aviation has demonstrated consistent returns and high management efficiency, its profits have recently declined by 11.2%, which could be a concern for some investors. Nonetheless, the company has shown strong growth in net sales and operating profit, and its high institutional holdings at 45.85% suggest confidence from larger investors. This combination of factors, including a favorable valuation compared to peers and a solid track record of returns, contributes to the stock's positive movement despite some recent challenges in profitability.