Why is Birlasoft Ltd falling/rising?

As of 06-Aug, Birlasoft Ltd's stock price is currently at 386.05, reflecting a decrease of 7.05 points or 1.79%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 4.5% during this period. Additionally, it is trading below all key moving averages, indicating a bearish trend. The stock's performance over the past week shows a decline of 6.75%, and over the past month, it has dropped by 11.30%. The company has faced negative results for the last three consecutive quarters, with a significant drop in profits and net sales, contributing to a year-to-date decline of 31.11%. Despite having a high return on equity and low debt-to-equity ratio, the stock's recent performance has been adversely affected by these negative financial results.
In the broader market context, Birlasoft Ltd's short-term performance has significantly lagged behind the benchmark, with the Sensex declining only 1.15% over the past week compared to Birlasoft's 6.75% drop. This underperformance is further highlighted by the stock's year-over-year return of -33.44%, contrasting sharply with the Sensex's gain of 2.48% during the same period. The falling investor participation, as evidenced by a 77.52% drop in delivery volume, also suggests a lack of confidence among investors, which is compounded by the company's recent financial struggles. Overall, the combination of negative quarterly results and poor stock performance relative to the market has led to a decline in Birlasoft Ltd's stock price.