Why is Birlasoft Ltd falling/rising?

As of 14-Aug, Birlasoft Ltd is experiencing a decline in its stock price, currently at 368.95, which reflects a decrease of 2.2 or 0.59%. The stock has underperformed its sector by 0.81% today and is trading below its moving averages across all time frames, indicating a bearish trend. Over the past week, Birlasoft has seen a return of -3.34%, and its performance over the last month shows a significant drop of -11.95%. Despite a high management efficiency with a return on equity (ROE) of 16.31% and a low debt-to-equity ratio, the stock's value has been negatively impacted by a substantial decline in profits, which fell by 25.7% over the past year, contributing to a total return of -34.80% in the last year.
In the broader market context, Birlasoft's performance contrasts sharply with the Sensex, which has seen a slight increase of 3.15% year-to-date. The stock's poor long-term growth, evidenced by a net sales growth rate of only 9.24% over the last five years, coupled with negative results for the last four consecutive quarters, has led to a lack of investor confidence. Additionally, the stock has underperformed the BSE500 index over various time frames, further highlighting its struggles in both the near and long term. While there is rising investor participation, as indicated by an increase in delivery volume, the overall sentiment remains cautious due to the company's declining financial performance.