Why is Cyient falling/rising?

As of 06-Aug, Cyient Ltd. is experiencing a decline in its stock price, currently at 1,199.15, reflecting a decrease of 8.25 points or 0.68%. The stock has been underperforming recently, having fallen consecutively for the last two days with a total drop of 0.94%. It has also touched an intraday low of Rs 1183, indicating a significant downward movement. In terms of returns, the stock has decreased by 2.43% over the past week and 7.40% over the past month, while its year-to-date performance shows a substantial decline of 34.87%. Despite a low debt-to-equity ratio and healthy long-term growth in operating profit, the stock has generated a negative return of 29.38% over the past year, compounded by a recent drop in profits of 10.9%. Additionally, the stock is trading below all key moving averages, and there has been a notable decrease in investor participation, with delivery volume falling by 75.78% against the five-day average.
In the broader market context, Cyient's performance has been weaker compared to the benchmark, the Sensex, which has only declined by 1.15% over the past week and 3.46% over the past month. This underperformance is further highlighted by the stock's negative returns over various periods, including a 29.38% drop over the last year, contrasting sharply with the Sensex's positive return of 2.48% in the same timeframe. The stock's high institutional holdings at 57% suggest that more sophisticated investors are aware of the company's fundamentals, yet the negative results reported in June, including the lowest ROCE and PBDIT, indicate ongoing challenges that may be influencing the stock's downward trajectory.