Why is Coforge falling/rising?

As of 05-Sep, Coforge Ltd is experiencing a decline in its stock price, currently at Rs 1,662.50, which reflects a decrease of Rs 27.5 or 1.63%. The stock has underperformed its sector by 0.42% today and has been on a consecutive fall for the last four days, accumulating a total decline of 5.85% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite strong long-term fundamentals, including a healthy return on equity and consistent positive quarterly results, the stock's valuation appears expensive relative to its peers, contributing to its recent price drop.
In the broader market context, Coforge's short-term performance has been notably weaker than the benchmark, with a 1-week return of -3.57% compared to the Sensex's gain of 1.13%. While the stock has outperformed the market over the past year with a return of 27.06%, the recent downturn highlights a disconnect between its long-term potential and current market sentiment. The stock's liquidity remains adequate, but the rising investor participation does not seem to be enough to counteract the negative price movement driven by its high valuation and recent performance trends.