Why is Firstsour.Solu. falling/rising?

As of 14-Jul, Firstsource Solutions Ltd is currently priced at 350.00, reflecting a decrease of 4.2 points or 1.19%. The stock has been underperforming, having fallen consecutively for the last three days, with a total decline of 4.5% during this period. Today's trading saw the stock hit an intraday low of Rs 344.2, and it is trading below all key moving averages, indicating a bearish trend. Despite a recent increase in delivery volume, which suggests rising investor participation, the stock's performance over the past week and month has been negative, with declines of 5.37% and 7.75%, respectively. While the company has demonstrated strong fundamentals, including a low debt-to-equity ratio and impressive profit growth, these positive factors have not translated into recent stock price stability.
In the broader market context, Firstsource Solutions Ltd has significantly underperformed compared to the Sensex, which has gained 1.40% over the past month while the stock has declined by 7.75%. This stark contrast highlights the challenges the company faces in the current market environment. Although the stock has shown strong returns over the past year and three years, the recent downturn suggests that investor sentiment may be influenced by broader market trends or sector-specific issues. The high institutional holdings indicate confidence in the company's long-term prospects, but the immediate market reaction has been negative, contributing to the stock's current decline.