Why is Cigniti Tech. falling/rising?

As of 23-Jul, Cigniti Technologies Ltd is experiencing a decline in its stock price, currently at 1,742.00, reflecting a decrease of 1.25 or 0.07%. The stock has underperformed its sector by 0.52% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 0.91% during this period. Despite a strong performance over the past year with a return of 29.11%, the stock has shown mixed results in the short term, with a 1-week decline of 2.35% compared to a slight increase in the Sensex of 0.11%. The company has reported positive financial metrics, including a high return on equity (ROE) of 24.39% and a low debt-to-equity ratio, but the recent price movement may be influenced by its recent underperformance relative to the sector and the broader market.
In the broader market context, while Cigniti Technologies has shown consistent returns over the past three years, its recent short-term performance contrasts with the benchmark, which has seen a modest increase. The stock's performance today and over the past week suggests a potential market correction or profit-taking after a strong year. Additionally, the company's operating profit growth rate of 16.81% over the last five years raises concerns about long-term growth prospects, which could be contributing to the current price decline. Despite high institutional holdings and positive quarterly results, the stock's recent underperformance relative to both its sector and the benchmark indicates a cautious sentiment among investors.