Why is Interglobe Aviat falling/rising?

As of 25-Sep, Interglobe Aviation Ltd's stock is currently priced at 5,668.80, reflecting a decrease of 20.5 points or 0.36%. The stock has been experiencing a downward trend, having fallen for the last three consecutive days, resulting in a total decline of 1.34% during this period. Despite this recent downturn, the stock has shown strong performance over the longer term, with a year-to-date increase of 24.51% and a notable 207.21% rise over the past three years. The stock is currently trading above its 200-day moving average but below its shorter-term moving averages, indicating mixed signals. Additionally, there has been a rise in investor participation, with delivery volume increasing by 42.98% compared to the five-day average, suggesting some underlying interest despite the price drop. However, it is important to note that while the stock has generated an 18.47% return over the past year, its profits have decreased by 14.1%, which may be contributing to the recent price decline.
In the broader market context, Interglobe Aviation's short-term performance has outpaced the benchmark Sensex, which has declined by 2.23% over the past week, while Interglobe's stock has only fallen by 1.03%. This indicates that the stock is performing relatively better than the market in the short term. However, the overall market sentiment appears to be negative, as reflected in the broader declines. Despite the recent price drop, the company maintains a high management efficiency with a return on capital employed (ROCE) of 17.04% and healthy long-term growth metrics, which may support a more favorable outlook in the future. The stock is also trading at a discount compared to its peers, which could attract investors looking for value, although the recent profit decline may temper enthusiasm.