Why is Birlasoft Ltd falling/rising?

As of 25-Aug, Birlasoft Ltd's stock price is currently at Rs 379.90, reflecting an increase of Rs 4.25 or 1.13%. The stock has shown a trend reversal, gaining after two consecutive days of decline, and it reached an intraday high of Rs 388.3. Despite this positive movement today, the stock has underperformed its sector by 1.27%. Over the past week, it has gained 2.95%, but it has experienced a significant decline of 36.93% over the past year, indicating a challenging performance. The company has a high management efficiency with a return on equity (ROE) of 16.31% and a low debt-to-equity ratio, which suggests a stable financial position. However, the stock's profitability has decreased, with a 25.7% drop in profits over the past year, contributing to its overall negative returns.
In the broader market context, Birlasoft's recent performance contrasts with the benchmark Sensex, which has gained 0.45% over the past week. The IT sector, in which Birlasoft operates, has seen a rise of 2.38%, indicating a more favorable environment for peers. However, Birlasoft's long-term growth prospects appear poor, as evidenced by its negative results over the last four quarters and a net sales growth rate of only 9.24% annually over the past five years. This underperformance, combined with falling investor participation and a significant decline in its stock price over the past year, suggests that while there may be short-term gains, the overall sentiment remains cautious regarding the company's future growth potential.