Why is Coforge falling/rising?

As of 10-Jul, Coforge Ltd's stock price is currently at 1,887.00, reflecting a decline of 44.75 points or 2.32%. The stock has underperformed its sector today by 1.69% and has experienced a consecutive fall over the last two days, resulting in a total decrease of 2.98%. In terms of returns, the stock has shown a negative performance of 2.48% over the past week, while it has increased by 3.11% over the past month. Despite strong long-term fundamentals, including a healthy average return on equity of 20.35% and consistent growth in net sales, the stock is facing pressure due to its high valuation and recent profit growth of only 1.2% over the past year, which may be causing investor concerns.
In the broader market context, the Sensex has remained relatively stable with a slight decline of 0.06% over the past week. While Coforge has outperformed the benchmark over the long term, generating a 66.30% return in the last year compared to the Sensex's 4.09%, its recent short-term performance contrasts sharply with the benchmark's stability. This divergence suggests that while the company has strong fundamentals and institutional support, the current market sentiment and valuation concerns are contributing to its recent price decline.