Why is Birlasoft Ltd falling/rising?

As of 18-Sep, Birlasoft Ltd's stock price is currently at Rs 388.60, reflecting an increase of Rs 7.6, or 1.99%. The stock has been gaining for the last four days, resulting in a total return of 3.83% during this period. It has outperformed its sector by 1.29% today and reached an intraday high of Rs 392.05. However, despite these short-term gains, the stock has experienced a significant decline of 38.42% over the past year, with profits falling by 25.7%. The company maintains a high management efficiency with a return on equity (ROE) of 16.31% and a low debt-to-equity ratio, which could support its valuation. Nonetheless, the stock's poor long-term growth, negative results over the last four quarters, and below-par performance relative to its peers may be contributing to investor caution.
In the broader market context, Birlasoft Ltd's short-term return of 3.43% over the past week outpaces the Sensex's increase of 1.80%. However, the stock's year-to-date performance shows a stark contrast, with a decline of 30.66% compared to the Sensex's gain of 6.24%. This divergence highlights the challenges the company faces despite recent price movements. Additionally, the falling investor participation, indicated by a 23.27% drop in delivery volume, suggests that while some investors may be optimistic about the recent gains, overall market sentiment remains cautious regarding the company's long-term prospects.