Why is Birlasoft Ltd falling/rising?

As of 01-Jul, Birlasoft Ltd is currently priced at 438.35, reflecting an increase of 3.35 or 0.77%. The stock has shown a positive performance today, outperforming its sector by 1.27% and has been gaining for the last two days with a total return of 1.39% during this period. Over the past week, the stock has risen by 4.02%, and in the last month, it has increased by 9.49%. However, despite these recent gains, the stock has a year-to-date decline of 21.78% and a significant one-year drop of 38.90%. The company benefits from high management efficiency, a low debt-to-equity ratio, and strong institutional holdings, which have increased by 0.53% over the previous quarter. However, the company has reported negative results for the last three consecutive quarters, with a notable decline in profits and net sales, which may weigh on investor sentiment.
Broader Market Context: In comparison to the benchmark, Birlasoft Ltd has outperformed the Sensex in the short term, with a 1W return of 4.02% compared to the Sensex's 2.00%. Despite this short-term outperformance, the stock has significantly underperformed the broader market over the past year, where the BSE500 has generated a return of 3.20%. This stark contrast highlights the challenges Birlasoft faces, as it has not only struggled with profitability but also lagged behind market trends, contributing to its overall negative performance in the long term.