Why is Interglobe Aviat falling/rising?

As of 16-Jul, Interglobe Aviation Ltd's stock price is currently at 5,951.00, reflecting an increase of 36.0 points or 0.61%. The stock is trading close to its 52-week high, just 1.15% away from Rs 6019.2, and has outperformed its sector by 0.33% today. Over the past week, the stock has risen by 1.79%, and it has shown impressive returns over longer periods, including a 30.71% increase year-to-date and a 34.20% increase over the past year. Despite a recent decline in delivery volume by 31.1% compared to the 5-day average, the stock maintains a high level of liquidity and is trading above all key moving averages. The company has demonstrated strong management efficiency with a high return on capital employed (ROCE) of 17.04% and has reported significant growth in net sales and operating profit, which supports its positive performance.
In the broader market context, Interglobe Aviation's short-term performance stands in contrast to the Sensex, which has declined by 1.08% over the past week. The stock's ability to generate consistent returns, outperforming the BSE500 in each of the last three annual periods, highlights its resilience compared to the broader market. The high institutional ownership at 45.85% suggests that informed investors are confident in the company's fundamentals, despite a recent drop in profits of 11.2%. Overall, the combination of strong financial metrics, positive recent results, and a favorable valuation relative to peers contributes to the stock's upward movement amidst a challenging market environment.