Why is Birlasoft Ltd falling/rising?

As of 08-Jul, Birlasoft Ltd's stock price is currently at 434.05, reflecting an increase of 1.15 or 0.27%. Despite this slight uptick, the stock has been underperforming, having lost 2.15% over the last four days and showing a negative return of -0.98% over the past week. The stock's performance today has also been below the sector average by 0.32%. While it has outperformed in the one-month period with a gain of 5.63%, it has significantly underperformed over the year with a decline of -38.65%. The company has demonstrated high management efficiency with a return on equity (ROE) of 16.31% and a low debt-to-equity ratio, but it has faced challenges with negative results in the last three quarters, including a 15% decline in profit after tax compared to previous averages.
Broader market context indicates that while the Sensex has generated a modest return of 1.85% over the past month, Birlasoft's recent performance has been lackluster, particularly in the year-to-date comparison where it has dropped by 22.55% against the benchmark's 7.13% gain. The stock's liquidity appears adequate, with a delivery volume increase of 56.02% compared to the five-day average, suggesting rising investor participation. However, the significant underperformance over the past year, coupled with declining profits, raises concerns among investors, despite the high institutional holdings which have increased slightly. This combination of factors contributes to a cautious outlook on the stock's future performance.