Why is Cigniti Tech. falling/rising?

As of 17-Jul, Cigniti Technologies Ltd is currently priced at 1,758.80, reflecting a decline of 25.2 points or 1.41%. The stock has underperformed its sector by 0.28% today and has experienced a trend reversal, falling after three consecutive days of gains. Despite this recent drop, the stock has shown positive performance over the past month with a return of 3.03%, and a significant annual return of 29.93%. The company has demonstrated strong fundamentals, including a high return on equity (ROE) of 24.39% and consistent profit growth, with net profit increasing by 15.07%. However, the stock's long-term growth potential is somewhat tempered by a slower annual growth rate of operating profit at 16.81% over the last five years.
In the broader market context, Cigniti Technologies has outperformed the benchmark Sensex over the past year, which has only seen a return of 1.91%. However, in the short term, the stock's performance of -0.64% over the past week is better than the Sensex's decline of 1.12%. The rising investor participation, indicated by a 31.38% increase in delivery volume, suggests that there is still interest in the stock despite its recent decline. The high institutional holdings at 20.33% further indicate confidence from larger investors, which may help stabilize the stock in the face of its current downward movement.