Why is Interglobe Aviat falling/rising?

As of 05-Aug, Interglobe Aviation Ltd's stock price is currently at 5,771.00, reflecting a decrease of 7.9 (-0.14%). The stock has been experiencing a downward trend, having fallen for the last three days with a total decline of -1.97% during this period. Although the stock is close to its 52-week high, being just 4.3% away from Rs 6019.2, it is currently trading lower than its 5-day and 20-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by -52.99% compared to the 5-day average. Despite these short-term challenges, the stock has shown strong long-term performance, with a year-to-date return of +26.75% and a one-year return of +36.58%, indicating healthy growth in net sales and operating profit.
In the broader market context, Interglobe Aviation's recent performance has outpaced the benchmark Sensex, which has declined by -0.77% over the past week and -3.26% over the past month. This suggests that while the stock is facing short-term pressures, it has maintained a strong position relative to the market. The company's high management efficiency, as indicated by a return on capital employed (ROCE) of 17.04%, and its fair valuation compared to peers, support its long-term growth potential. However, the recent decline in profits by -14.1% over the past year may be contributing to investor caution, despite the stock's historical outperformance in returns over the last three years.