Why is Coforge falling/rising?

As of 13-Aug, Coforge Ltd is experiencing a decline in its stock price, currently at 1,622.15, reflecting a decrease of 2.45 points or 0.15%. The stock has underperformed its sector by 0.29% today and has shown a trend reversal after two consecutive days of gains. It is trading below all key moving averages, indicating a bearish trend. Additionally, investor participation has decreased significantly, with delivery volume falling by 59.5% compared to the five-day average. Over the past month, the stock has dropped 12.97%, while it has performed well over the past year with a return of 38.57%, significantly outpacing the benchmark Sensex, which has only returned 2.01%.
In the broader market context, while the stock has shown strong long-term fundamentals, including a healthy return on equity and consistent net sales growth, its current valuation appears expensive with a high price-to-book ratio. The stock's recent performance is in stark contrast to its historical returns, as it has generated substantial gains over the past three and five years. However, the recent decline may be attributed to the overall market conditions, as the BSE500 has also shown negative returns of -0.64% in the last year, suggesting that broader market sentiments may be influencing investor behavior towards Coforge.