Why is Cyient falling/rising?

As of 09-Sep, Cyient Ltd. is currently priced at 1,184.00, reflecting an increase of 19.0 points or 1.63%. Despite this uptick, the stock has underperformed its sector by 0.54% today and has been trading below its moving averages across various timeframes. Over the past week, Cyient has seen a decline of 1.84%, while its performance over the last month shows a slight increase of 1.62%. The stock has experienced a trend reversal, gaining after three consecutive days of decline. However, it has generated a significant negative return of 39.65% over the past year, with profits falling by 10.9%. The company maintains a low debt-to-equity ratio and has shown healthy long-term growth in operating profit, which may provide some support for its valuation.
In the broader market context, the Sensex has gained 1.18% over the past week, indicating that Cyient's recent performance is lagging behind the benchmark. While the IT - Software sector has seen an increase of 2.18%, Cyient's delivery volume has fallen significantly, suggesting reduced investor participation. High institutional holdings at 57% may indicate confidence in the company's fundamentals, but the stock's overall performance has been below par in both the long and short term. The negative results reported on June 25, including the lowest ROCE and debtors turnover ratio, further contribute to the stock's struggles, despite its attractive valuation compared to peers.