Why is Interglobe Aviat falling/rising?

As of 12-Aug, Interglobe Aviation Ltd's stock price is currently at 5,916.00, reflecting an increase of 45.1, or 0.77%. The stock has been gaining for the last two days, with a total return of 2.41% during this period. It is trading close to its 52-week high, just 1.74% away from Rs 6019.2, and is performing in line with its sector. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The rising investor participation is notable, with a delivery volume increase of 65% compared to the 5-day average. Despite a year-over-year profit decline of 14.1%, the company maintains high management efficiency with a return on capital employed (ROCE) of 17.04% and has shown healthy long-term growth in net sales and operating profit.
In the broader market context, Interglobe Aviation's short-term return of +2.34% over the past week significantly outperforms the Sensex, which has declined by 0.59% in the same period. This indicates that the stock is gaining traction even as the overall market faces challenges. Year-to-date, the stock has generated a remarkable return of 29.94%, compared to the Sensex's modest 2.68% increase, showcasing its strong performance relative to the benchmark. The stock's consistent returns over the last three years further emphasize its resilience and attractiveness to investors, despite the recent profit decline.