Why is Cigniti Tech. falling/rising?

As of 10-Jul, Cigniti Technologies Ltd is currently priced at 1,770.05, reflecting a decrease of 39.85 points or 2.2%. The stock has underperformed its sector by 1.57% today and has experienced a consecutive decline over the last two days, totaling a drop of 3.17%. Despite a strong performance over the past year with a return of 30.45%, the stock has faced challenges recently, including a significant drop in delivery volume, which fell by 46.36% against the 5-day average. While the company has demonstrated high management efficiency and consistent returns, the recent price movement may be influenced by the stock trading at a premium compared to its peers and the concerns regarding poor long-term growth in operating profit.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a 1-week return of -2.29% compared to the Sensex's slight decline of only 0.06%. This underperformance in the short term contrasts with the stock's positive long-term trajectory, where it has outperformed the BSE500 over the last three years. The recent decline may reflect broader market sentiments or investor caution, particularly given the falling investor participation and the stock's recent price movements, which could indicate a lack of confidence among retail investors despite the company's strong fundamentals and institutional support.