Why is 3i Infotech falling/rising?

As of 09-Sep, 3i Infotech Ltd's stock price is currently at 23.18, reflecting a decrease of 0.19, or 0.81%. The stock has underperformed its sector today by 2.98% and has experienced a trend reversal, falling after two consecutive days of gains. In terms of returns, the stock has shown a decline of 0.73% over the past week, while it has gained 2.11% over the past month. Despite positive results in the last three quarters, including a significant growth in profit after tax and attractive valuation metrics, the company faces challenges such as operating losses and weak long-term fundamental strength, which contribute to its recent price movement.
In the broader market context, the stock's performance has lagged behind the benchmark, with a notable decline of 29.52% over the past year compared to a slight decrease of 0.56% in the Sensex. This consistent underperformance over the last three years has raised concerns among investors, despite rising investor participation indicated by increased delivery volume. The IT sector, in which 3i Infotech operates, has gained by 2.12%, further highlighting the stock's struggles relative to its peers and the overall market.