Why is Birlasoft Ltd falling/rising?

As of 03-Jul, Birlasoft Ltd is currently priced at 438.35, reflecting a decrease of 3.85 points or 0.87%. The stock has underperformed its sector by 0.67% today and has experienced a trend reversal, falling after three consecutive days of gains. In terms of performance against benchmarks, the stock has shown a decline of 0.90% over the past week, while it has increased by 10.42% over the past month. However, the stock has significantly underperformed over the longer term, with a year-to-date decline of 21.78% and a one-year drop of 38.34%. The company's financial health is mixed; while it boasts a high return on equity (ROE) of 16.31% and low debt-to-equity ratio, it has reported negative results for the last three consecutive quarters, with profits falling by 17.2%.
Broader market context indicates that the stock's recent performance is not in line with the overall market trends, as the benchmark Sensex has gained 6.53% year-to-date and 4.07% over the past year. The stock's liquidity appears adequate, but there has been a notable decline in investor participation, with delivery volume dropping by 26.33% against the five-day average. Additionally, despite high institutional holdings at 36.21%, which typically indicate confidence from knowledgeable investors, the stock's negative quarterly results and substantial underperformance relative to the market suggest a lack of investor confidence, contributing to its current price decline.