Why is Interglobe Aviat falling/rising?

As of 22-Aug, Interglobe Aviation Ltd's stock price is currently at 6,085.00, reflecting a decrease of 13.35 points or 0.22%. The stock has been experiencing a decline over the past two days, with a total drop of 1.07% during this period. Despite this recent downturn, the stock has shown strong performance over the longer term, with a year-to-date increase of 33.65% and a one-year return of 35.76%. However, the stock is facing challenges, including a reduction in investor participation, as evidenced by an 18.14% drop in delivery volume compared to the five-day average. Additionally, while the company has demonstrated high management efficiency and healthy long-term growth, it is burdened by a high debt-to-equity ratio of 37.95 times and a decrease in promoter confidence, with a 5.73% reduction in their stake over the last quarter.
In the broader market context, Interglobe Aviation's short-term performance has outpaced the benchmark Sensex, which has only increased by 0.88% over the past week. This indicates that while the stock is currently facing some headwinds, it has been able to maintain a stronger position relative to the market in the longer term. The stock's ability to trade above its moving averages suggests underlying strength, but the recent decline in price and investor participation may signal caution among investors. Overall, the combination of high debt levels and reduced promoter confidence could be contributing to the stock's recent price movement, despite its historical performance and growth potential.