Why is Cigniti Tech. falling/rising?

As of 24-Sep, Cigniti Technologies Ltd is experiencing a decline in its stock price, currently at Rs 1,542.50, which reflects a decrease of Rs 40.35 or 2.55%. The stock has been underperforming, having lost 11.35% over the last four days, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a recent rise in investor participation, with delivery volume increasing by 31.47% against the 5-day average, the stock's performance today has underperformed its sector by 1.89%. Over the past week, Cigniti has seen a significant drop of 9.31%, contrasting with a modest gain of 0.50% in the Sensex over the same period.
In the broader market context, Cigniti's short-term performance is notably weaker than the benchmark, which has only declined by 1.18% over the past week. While the company has demonstrated strong management efficiency and consistent returns over the last three years, including a high return on equity and positive results for the last three consecutive quarters, these factors have not been sufficient to counteract the recent price decline. The stock's premium valuation compared to peers and its low debt-to-equity ratio suggest a solid financial foundation; however, the current market sentiment appears to be negatively impacting its price movement.