Why is Cigniti Tech. falling/rising?

As of 11-Jul, Cigniti Technologies Ltd is experiencing a decline in its stock price, currently at 1,756.90, which reflects a decrease of 13.15 points or 0.74%. The stock has been under pressure, having fallen consecutively for the last three days, resulting in a total decline of 3.89% during this period. Despite this recent downturn, the stock has shown positive performance over the past month with a 4.02% increase. The company has reported strong financial metrics, including a high return on equity (ROE) of 24.39% and a consistent growth in net profit of 15.07%. However, the stock's recent performance has been impacted by a broader decline in the IT - Software sector, which has fallen by 2.17%, and the stock's movement is currently below its 5-day moving averages.
In the broader market context, Cigniti Technologies Ltd's short-term performance has lagged behind the benchmark, with a 1-week return of -3.53% compared to the Sensex's decline of only 1.12%. While the stock has outperformed the sector today by 1.4%, the overall trend indicates a struggle against both sector and market pressures. Despite the company's strong fundamentals and high institutional holdings, the recent price movement suggests that investor sentiment may be cautious, particularly given the stock's recent consecutive losses and the sector's overall downturn.