Why is Cyient falling/rising?

As of 29-Aug, Cyient Ltd. is experiencing a decline in its stock price, currently at 1,166.00, which reflects a decrease of 7.0 points or 0.6%. The stock has been on a downward trend, losing value for the last three consecutive days and showing a total return of -6.27% during this period. Additionally, Cyient's performance over the past week and month has been negative, with returns of -5.11% and -5.39%, respectively. The stock is trading below its moving averages across various time frames, indicating a bearish sentiment. Despite having a low debt-to-equity ratio and healthy long-term growth in operating profit, the stock's performance has been adversely affected by negative results reported on June 25, which included the lowest ROCE and debtors turnover ratio, alongside a significant drop in profits.
In the broader market context, Cyient's recent performance has underperformed against the Sensex, which has seen a decline of only 1.84% over the same one-week period. This underperformance is further highlighted by the stock's year-to-date return of -36.67%, contrasting sharply with the Sensex's positive return of 2.14%. The falling investor participation, with a significant drop in delivery volume, suggests a lack of confidence among traders, which could be exacerbated by the stock's poor performance relative to both its historical benchmarks and the broader market. High institutional holdings may provide some stability, but the overall sentiment remains negative due to the company's recent financial struggles and underperformance in both the short and long term.