Why is Birlasoft Ltd falling/rising?

As of 04-Jul, Birlasoft Ltd's stock price is currently at 435.25, reflecting a decrease of 3.1 points or 0.71%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 1.57% during this period. Additionally, the stock has underperformed its sector by 1.42% today. Over the past week, it has shown a modest gain of 0.67%, but its year-to-date performance remains significantly negative at -22.33%. The company has reported negative results for the last three consecutive quarters, with a notable decline in profits and net sales, which has contributed to its poor performance. Despite having a high management efficiency indicated by a 16.31% ROE and a low debt-to-equity ratio, the stock's negative returns of -39.33% over the past year highlight ongoing challenges.
Broader market context indicates that while the Sensex has gained 3.01% over the past month, Birlasoft Ltd has outperformed this benchmark with an 8.02% increase in the same timeframe. However, the stock's long-term performance remains concerning, particularly when compared to the broader market, as it has significantly lagged behind the BSE500, which has generated returns of 2.13% over the past year. The decline in investor participation, with a 66.64% drop in delivery volume against the five-day average, further emphasizes the stock's current struggles in attracting interest. Overall, the combination of negative financial results, declining investor engagement, and underperformance relative to the market are key factors contributing to the stock's downward movement.