Why is Birlasoft Ltd falling/rising?

As of 09-Sep, Birlasoft Ltd's stock price is currently at Rs 373.90, reflecting an increase of Rs 1.5 or 0.4%. Despite this slight uptick, the stock has underperformed its sector by 1.77% today, with an intraday high of Rs 380.75. Over the past week, the stock has declined by 0.95%, and it has generated a significant negative return of -40.16% over the past year. The company's performance has been hindered by negative results in the last four consecutive quarters, with a notable drop in net sales and profits. While the stock is trading at a fair value compared to its peers, the long-term growth outlook appears poor, as evidenced by a low annual growth rate in net sales and a high institutional holding of 34.82%, which may indicate a lack of confidence among retail investors.
In the broader market context, the IT - Software sector has gained by 2.12%, contrasting with Birlasoft's performance. The stock's recent movement is particularly concerning given its underperformance relative to the benchmark indices, with returns lagging behind the Sensex over various periods, including a 1-year return of -40.16% compared to the Sensex's -0.56%. The stock's trading below all moving averages further suggests a bearish trend, indicating that investor sentiment remains cautious despite the recent minor price increase.