Why is Cigniti Tech. falling/rising?

As of 09-Jul, Cigniti Technologies Ltd's stock price is currently at 1,809.90, reflecting a decrease of 18.1 points or 0.99%. Today's price movement indicates a trend reversal, as the stock has fallen after four consecutive days of gains. Despite this decline, the stock has shown strong performance over the past month with a return of 9.13%, significantly outperforming the Sensex's 1.32% increase. The stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is below its 5-day moving average. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 55.44% compared to the 5-day average, suggesting continued interest despite the recent price drop. The company's strong fundamentals, including a high return on equity (ROE) of 24.39% and consistent positive results over the last two quarters, support its valuation, although concerns about long-term growth persist due to slower operating profit growth.
In the broader market context, Cigniti Technologies has outperformed the benchmark Sensex in the short term, with a 1-week return of 0.34% compared to the Sensex's 0.15%. This indicates that while the stock is experiencing a short-term decline, it has been performing relatively well against the market overall. The stock's strong institutional holdings at 20.33% further suggest confidence from larger investors, who typically have more resources to analyze company fundamentals. However, the stock's recent price drop may reflect profit-taking after a period of gains, as well as concerns regarding its long-term growth potential, given the slower annual growth rate of operating profit.