Why is Interglobe Aviat falling/rising?

As of 15-Jul, Interglobe Aviation Ltd's stock price is currently at 5,915.00, reflecting a decrease of 28.0 points or 0.47%. The stock has recently underperformed its sector by 0.4% and has experienced a trend reversal, falling after two consecutive days of gains. Despite this decline, the stock is trading above its moving averages and is close to its 52-week high, just 1.76% away from Rs 6019.2. Over the past week, the stock has shown a positive return of 1.95%, and it has significantly outperformed the benchmark Sensex over various periods, including a 34.74% return over the past year. The company has also demonstrated strong management efficiency and growth, with a high return on capital employed (ROCE) of 17.04% and impressive net sales growth.
In the broader market context, while Interglobe Aviation has shown strong performance relative to the Sensex, which has declined by 1.36% over the past week, the stock's recent price movement indicates a temporary setback. The high institutional holdings at 45.85% suggest that knowledgeable investors are backing the stock, which could provide stability despite the current dip. The company's recent positive financial results and consistent returns over the last three years further support its potential for long-term growth, even as profits have seen a slight decline. Overall, while the stock is facing a short-term drop, its fundamentals and historical performance remain strong, indicating a potential for recovery.