Why is Firstsour.Solu. falling/rising?

As of 29-Jul, Firstsource Solutions Ltd is currently priced at 330.75, reflecting a decline of 1.45 (-0.44%). The stock has been experiencing a downward trend, having fallen for the last six consecutive days, resulting in a total drop of 6.48% during this period. Despite opening with a gain of 3.25% today and reaching an intraday high of Rs 343, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock's performance over the past week shows a decline of 5.50%, and over the past month, it has decreased by 13.56%. However, it has generated a return of 23.64% over the past year, indicating some resilience in its long-term performance. The company has a low debt-to-equity ratio and has reported positive financial results, including record net sales and profits, which could support its valuation despite the recent price drop.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 1.03% over the past week and 3.24% over the past month. This indicates that Firstsource Solutions Ltd has underperformed relative to the market. The stock's high institutional holdings at 33.53% suggest that knowledgeable investors are backing the company, which may provide some stability. However, the recent consecutive falls and the stock trading below its moving averages could indicate a lack of confidence among investors in the short term, despite the company's strong fundamentals and consistent returns over the last three years.