Why is Birlasoft Ltd falling/rising?

As of 24-Sep, Birlasoft Ltd is experiencing a decline in its stock price, currently at 368.90, which reflects a decrease of 3.35 points or 0.9%. The stock has been on a downward trend, losing value for the last four consecutive days, resulting in a total decline of 5.07% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock has underperformed significantly over the past year, with a return of -41.57%, while its profits have decreased by 25.7%. Despite having a high return on equity (ROE) of 16.31% and a low debt-to-equity ratio, the company has reported negative results for the last four quarters, which has contributed to the stock's poor performance.
In the broader market context, Birlasoft Ltd's short-term performance has been notably worse than the benchmark, with a 1-week return of -3.18% compared to the Sensex's decline of only 1.18%. This underperformance is indicative of broader challenges faced by the company, including stagnant net sales growth and negative quarterly results, which have led to a lack of investor confidence. The falling investor participation, evidenced by a 52.85% drop in delivery volume against the 5-day average, further highlights the market's cautious sentiment towards the stock. Overall, the combination of disappointing financial results and a lack of positive momentum in the stock price has contributed to its current downward trajectory.