Why is CMS Info Systems falling/rising?

As of 01-Aug, CMS Info Systems Ltd is currently priced at 451.75, reflecting a decrease of 6.15, or 1.34%. The stock has been on a downward trend, having fallen consecutively for the last three days, resulting in a total decline of 5.49% during this period. Despite opening with a gain of 2.64% today and reaching an intraday high of Rs 470, the stock is trading below all its moving averages, indicating a bearish sentiment. Over the past week, the stock has underperformed with a return of -8.08%, while its one-year performance shows a significant decline of 20.55%. However, the company maintains a high management efficiency with a return on equity (ROE) of 17.76% and a low debt-to-equity ratio, which suggests a solid financial foundation despite the recent price drop.
In the broader market context, CMS Info Systems has underperformed compared to the Sensex, which has only declined by 1.06% over the past week. The stock's year-to-date performance is also negative at -7.98%, contrasting with the Sensex's positive return of 3.15%. While the stock has high institutional holdings at 63.57%, indicating confidence from larger investors, the overall market sentiment appears to be weighing down the stock's price. The company's profits have risen by 6.1% over the past year, but the negative returns suggest that investor sentiment is currently cautious, likely influenced by broader market trends and recent performance.