Why is Birlasoft Ltd falling/rising?

As of 27-Jun, Birlasoft Ltd's stock price is currently at 432.35, reflecting a decrease of 10.0 points or 2.26%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 2.53% during this period. Despite touching an intraday high of Rs 452.25, it also reached a low of Rs 431.3. Over the past week, the stock has shown a modest gain of 2.51%, but it has significantly underperformed in the longer term, with a year-to-date decline of 22.85% and a one-year drop of 37.05%. The company has faced negative results for the last three consecutive quarters, with a notable decrease in profits and net sales, which has contributed to the stock's downward trend.
In the broader market context, while the Sensex has gained 2.00% over the past week and 7.58% year-to-date, Birlasoft Ltd's performance has lagged significantly behind these benchmarks. The stock's recent decline is compounded by its negative returns over the past year, where it has underperformed the market, which generated a return of 4.10%. Although the company has a high management efficiency and low debt-to-equity ratio, the persistent negative financial results and the stock's substantial underperformance relative to the market have led to a lack of investor confidence, contributing to its current price decline.