Why is Birlasoft Ltd falling/rising?

As of 26-Jun, Birlasoft Ltd's stock price is currently at 442.35, reflecting a decrease of 1.2 points or 0.27%. The stock has experienced a trend reversal, falling after two consecutive days of gains. Despite this recent decline, the stock has shown a positive performance over the past week and month, with returns of 7.37% and 5.75%, respectively. However, it has significantly underperformed on a year-to-date basis, with a decline of 21.07%. The company has a high management efficiency indicated by a return on equity (ROE) of 16.31% and a low debt-to-equity ratio, but it has also reported negative results for the last three consecutive quarters, which has contributed to its overall negative return of 35.49% over the past year.
In the broader market context, while the Sensex has generated a return of 2.94% over the past week and 1.92% over the past month, Birlasoft's performance has been notably stronger in the short term compared to the benchmark. However, the stock's year-to-date performance remains concerning, especially when compared to the market's overall gain of 7.19%. The increase in institutional holdings by 0.53% suggests a level of confidence among larger investors, but the company's recent financial struggles, including a significant drop in profits and sales, indicate ongoing challenges that may be affecting investor sentiment and contributing to the stock's current decline.