Why is Interglobe Aviat falling/rising?

As of 25-Jul, Interglobe Aviation Ltd's stock price is currently at 5,800.35, reflecting a decrease of 48.95 points or 0.84%. The stock has been underperforming recently, having fallen for three consecutive days, resulting in a total decline of 2.72% during this period. Although it is close to its 52-week high, being only 3.95% away, the stock's performance today has lagged behind its sector by 0.27%. Additionally, there has been a notable drop in investor participation, with delivery volume decreasing by 55.29% compared to the five-day average. Despite these short-term challenges, the company has demonstrated strong long-term growth metrics, including a 27.40% year-to-date return and a remarkable 219.35% increase over the past three years, alongside a high management efficiency indicated by a return on capital employed (ROCE) of 17.04%.
In the broader market context, Interglobe Aviation's recent short-term performance has been weaker than the benchmark Sensex, which has only declined by 0.36% over the past week. This underperformance is particularly evident when comparing the stock's 1-week return of -0.88% to the Sensex's decline. However, the company's fundamentals remain strong, with healthy growth in net sales and operating profit, as well as a fair valuation compared to peers. Despite a recent dip in profits of 11.2% over the past year, the stock has consistently outperformed the BSE500 in annual returns, suggesting that while the stock is facing short-term pressures, its long-term outlook remains positive.