Why is Cigniti Tech. falling/rising?

As of 02-Jul, Cigniti Technologies Ltd is currently priced at 1,803.80, reflecting a slight decline of -1.4 or -0.08%. The stock has been experiencing a downward trend, having lost -0.44% over the last two days. Despite this recent dip, Cigniti has shown strong performance in the longer term, with a 1-month return of +12.46% and a 1-year return of +31.52%, significantly outperforming the Sensex, which has returned +2.50% and +5.00% respectively over the same periods. However, there has been a notable decrease in investor participation, with delivery volume falling by -33.49% against the 5-day average, which may contribute to the stock's current price movement. The company has demonstrated high management efficiency, a low debt-to-equity ratio, and consistent profitability, which generally supports a strong buy sentiment.
In the broader market context, Cigniti's recent performance can be viewed in light of its strong returns compared to the benchmark. While the stock has experienced a minor decline recently, its overall trajectory remains positive, with substantial gains over the past year and three years, outperforming the BSE500 consistently. The stock's liquidity remains adequate, allowing for trades of significant size, which is a positive indicator. However, the concerns regarding poor long-term growth, as indicated by the slower annual growth rate of operating profit, may temper investor enthusiasm and contribute to the recent price decline. Overall, while the stock has strong fundamentals, the recent drop may reflect short-term market dynamics and reduced trading activity.