Why is Coforge falling/rising?

As of 19-Aug, Coforge Ltd's stock price is currently at 1,652.65, reflecting a slight increase of 1.3 (0.08%). The stock has been gaining over the last three days, with a total return of 1.88% during this period. However, it has underperformed its sector by 0.27% today. In terms of longer-term performance, the stock has shown a 1.73% increase over the past week, but it has declined by 10.98% over the last month. Despite this recent downturn, the company has demonstrated strong long-term fundamentals, including a healthy average Return on Equity (ROE) of 20.41% and consistent positive quarterly results, which may contribute to investor confidence.
Broader market context indicates that while the stock has outperformed the broader market with a 36.35% return over the past year compared to the Sensex's 1.52%, it has faced challenges in the short term. The stock's performance over the last month has been significantly worse than the benchmark, which has only seen a slight decline of 0.14%. Additionally, the falling investor participation, as evidenced by a 9.76% drop in delivery volume, could signal waning interest among retail investors, despite high institutional holdings at 89.75%. This combination of strong fundamentals and recent underperformance relative to the market may create a complex picture for investors considering the stock's future trajectory.