Why is Interglobe Aviat falling/rising?

As of 14-Jul, Interglobe Aviation Ltd's stock price is currently at Rs 5,943.00, reflecting an increase of Rs 23.4 or 0.4%. The stock has been gaining momentum, having risen for the last two days with a total return of 1.68% during this period. It is trading close to its 52-week high, just 1.28% away from Rs 6,019.2. The stock has shown strong performance over various time frames, with a 3.56% increase over the past week and a remarkable 30.53% year-to-date return. Factors contributing to this positive movement include high management efficiency, as indicated by a return on capital employed (ROCE) of 17.04%, and robust long-term growth with net sales increasing at an annual rate of 17.71%. Additionally, the stock is trading at a discount compared to its peers, which may attract more investors.
In the broader market context, Interglobe Aviation's recent performance stands out as it has outperformed the Sensex, which has declined by 1.42% over the past week, while the stock itself has gained. The stock's liquidity is also favorable, with a significant increase in delivery volume, indicating rising investor participation. High institutional holdings at 45.85% suggest that knowledgeable investors are backing the stock, which can further bolster confidence in its stability and growth potential. Overall, the combination of strong financial metrics, positive recent performance, and favorable market conditions has contributed to the stock's upward movement.