Why is Birlasoft Ltd falling/rising?

As of 22-Sep, Birlasoft Ltd's stock price is currently at 372.75, reflecting a decrease of 8.55 points or 2.24%. The stock has been on a downward trend, having fallen consecutively for the last two days, resulting in a total decline of 4.08%. It opened the day with a loss of 2.54% and reached an intraday low of Rs 370.85. In terms of performance against benchmarks, Birlasoft has underperformed significantly, with a year-to-date return of -33.49% compared to the Sensex's gain of 5.15%. The company has also reported negative results for the last four consecutive quarters, with a notable drop in profits and net sales, contributing to a poor long-term growth outlook.
In the broader market context, the IT - Software sector has experienced a decline of 2.6%, which may be influencing Birlasoft's stock performance. While the stock has outperformed its sector by 0.37% today, the overall trend remains negative, particularly when compared to the Sensex, which has gained 0.46% over the past week. Additionally, the stock's liquidity appears stable, but there is a noted decrease in investor participation, with delivery volume falling by 0.52% against the five-day average. Despite high management efficiency and institutional holdings, the stock's poor performance in both the short and long term, coupled with declining sales and profits, suggests ongoing challenges that are likely impacting investor sentiment negatively.