Why is Cigniti Tech. falling/rising?

As of 18-Jul, Cigniti Technologies Ltd is experiencing a decline in its stock price, currently at 1,747.80, which reflects a decrease of 11.0 points or 0.63%. The stock has underperformed its sector by 0.53% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 2.03%. Despite this recent decline, the stock has shown positive performance over the past month with a 2.76% increase and a significant 29.36% rise over the past year. The company has demonstrated strong fundamentals, including a high return on equity (ROE) of 24.39% and consistent profit growth, with net profits increasing by 15.07%. However, the stock's operating profit growth has been relatively modest at an annual rate of 16.81% over the last five years, which may contribute to concerns about long-term growth potential.
In the broader market context, Cigniti's short-term performance of -0.52% over the past week is better than the benchmark Sensex, which has declined by 0.90% during the same period. This indicates that while the stock is currently facing some challenges, it is still performing relatively well compared to the overall market. The rising investor participation, as evidenced by an 84.78% increase in delivery volume, suggests that there is ongoing interest in the stock despite its recent price drop. Additionally, the company's high institutional holdings at 20.33% reflect confidence from larger investors, which may provide some support for the stock's price in the future.