Why is Birlasoft Ltd falling/rising?

As of 08-Sep, Birlasoft Ltd is currently priced at 372.40, reflecting a decrease of 2.7, or 0.72%. The stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend. Despite a rise in delivery volume by 17.58% against the 5-day average, the stock has generated a return of -42.99% over the past year, with profits falling by 25.7%. The company has also reported negative results for the last four consecutive quarters, contributing to its poor performance. While it maintains a high management efficiency with a return on equity (ROE) of 16.31% and a low debt-to-equity ratio, these positive factors are overshadowed by the overall decline in net sales and profitability.
In the broader market context, Birlasoft Ltd's short-term performance has been underwhelming compared to the benchmark, with a 1-week return of -0.87% against the Sensex's gain of 0.53%. This underperformance is further highlighted by the stock's year-to-date decline of 33.55%, while the Sensex has increased by 3.39%. The stock's inability to keep pace with the market and its negative growth trajectory over the past year suggest a challenging environment for investors, despite the presence of high institutional holdings that may indicate some level of confidence from more knowledgeable investors.