Why is Interglobe Aviat falling/rising?

As of 17-Jul, Interglobe Aviation Ltd's stock price is currently at 5,810.25, reflecting a decrease of 140.75 points, or 2.37%. The stock has shown a mixed performance recently, being 3.6% away from its 52-week high of Rs 6019.2. Today, the stock touched an intraday low of Rs 5767.45, indicating a decline of 3.08%. Despite a strong long-term growth trajectory, with a 27.62% year-to-date return and a 31.02% return over the past year, the stock's recent performance has been affected by a drop in investor participation, as evidenced by a 40.77% decrease in delivery volume compared to the five-day average. Additionally, while the stock has a high management efficiency and has declared positive results after two negative quarters, its profits have fallen by 11.2%, which may be contributing to the current downward pressure.
In the broader market context, the stock's short-term performance of -0.59% over the past week is better than the benchmark Sensex, which has declined by 1.12% in the same period. However, the airline sector as a whole has also experienced a downturn, with a decline of 2.51%. This sector-wide weakness, combined with falling investor participation and the stock's recent price movement, suggests that while Interglobe Aviation has strong fundamentals and long-term growth potential, short-term market dynamics and sector performance are currently weighing on its stock price.