Why is Birlasoft Ltd falling/rising?

As of 07-Jul, Birlasoft Ltd is experiencing a decline in its stock price, currently at 432.90, which reflects a decrease of 2.35 or 0.54%. The stock has been on a downward trend, losing value for the last three consecutive days, with a total decline of 2.1% during this period. Despite being higher than the 20-day, 50-day, and 100-day moving averages, it is trading lower than the 5-day and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 75.07% against the 5-day average. Over the past year, the stock has underperformed the market, generating a return of -39.42%, while profits have decreased by 17.2%. The company has also reported negative results for the last three consecutive quarters, which has contributed to the stock's decline.
In the broader market context, the stock's short-term performance has been slightly worse than the benchmark, with a 1-week return of -0.48% compared to the Sensex's -0.20%. While the stock has shown some positive factors, such as high management efficiency and attractive valuations, these have not been sufficient to offset the negative sentiment stemming from declining profits and poor quarterly results. The stock's high institutional holdings may provide some stability, but the overall negative performance and falling investor interest indicate a challenging environment for Birlasoft Ltd at this time.