Why is Birlasoft Ltd falling/rising?

As of 29-Sep, Birlasoft Ltd is experiencing a decline in its stock price, currently at Rs 350.00, reflecting a decrease of Rs 11.15 or 3.09%. The stock has been underperforming, having lost 9.93% over the last seven days, and it is trading below all its moving averages, indicating a bearish trend. Additionally, the stock has generated a return of -42.04% over the past year, with a significant drop in profits by 25.7%. Despite having a high return on equity (ROE) of 16.31% and low debt levels, the company has reported negative results for the last four consecutive quarters, which has contributed to the stock's poor performance.
In the broader market context, Birlasoft's short-term performance has been notably worse than the benchmark, with a 1-week return of -6.05% compared to the Sensex's -2.18%. This underperformance is compounded by a decrease in investor participation, as evidenced by a 5.07% drop in delivery volume against the 5-day average. While the company has high institutional holdings at 34.82%, which typically indicates confidence from more knowledgeable investors, the overall sentiment remains negative due to the company's lack of growth and declining sales figures.