Why is Cyient falling/rising?

As of 01-Aug, Cyient Ltd. is experiencing a decline in its stock price, currently at 1,186.00, reflecting a decrease of 19.95 or 1.65%. The stock has been on a downward trend, losing 4.62% over the past week and 8.35% over the past month. It has also fallen for five consecutive days, with an intraday low of Rs 1178.7. The stock is trading below its moving averages across various time frames, indicating a bearish sentiment. Additionally, there has been a significant drop in investor participation, with delivery volume decreasing by 38.01% compared to the five-day average. Despite a low debt-to-equity ratio and healthy long-term growth in operating profit, the stock's performance has been hampered by negative results reported on June 25, which included the lowest ROCE and debtors turnover ratio, contributing to a year-over-year return of -33.06%.
In the broader market context, Cyient's short-term performance has underperformed the benchmark, with the Sensex declining only 1.06% over the past week. The stock's long-term returns have also lagged behind, with a 35.58% drop year-to-date compared to a 3.15% gain in the Sensex. This underperformance is compounded by the company's recent financial struggles, including a 10.9% decline in profits over the past year, which has likely influenced investor sentiment negatively. While institutional holdings remain high at 57%, suggesting some confidence in the company's fundamentals, the overall market reaction has been cautious, leading to the stock's current downward trajectory.