Why is Birlasoft Ltd falling/rising?

As of 18-Aug, Birlasoft Ltd's stock is currently priced at 369.00, reflecting a slight increase of 0.05 (0.01%). Despite this minor uptick, the stock has shown a negative performance trend, with a 1-week return of -1.17% and a 1-month return of -12.08%. The stock is trading below its moving averages across various timeframes, indicating a bearish sentiment. Additionally, there has been a significant decline in investor participation, with delivery volume dropping by 45.28% compared to the 5-day average. While the company boasts a high return on equity (ROE) of 16.31% and low debt levels, it has faced challenges, including a substantial decline in profits and negative results over the last four quarters, contributing to its poor long-term growth outlook.
In the broader market context, Birlasoft Ltd has underperformed the Sensex, which has gained 0.83% over the past week, while Birlasoft's performance has been negative. The stock's year-to-date return of -34.15% starkly contrasts with the Sensex's positive return of 4.01%. This underperformance is compounded by the company's recent financial struggles, including a significant drop in net sales and profitability, which have led to a lack of investor confidence. The high institutional holdings at 34.82% suggest that informed investors are closely monitoring the company's fundamentals, but the overall negative sentiment surrounding its recent financial results continues to weigh heavily on the stock's performance.