Why is Firstsour.Solu. falling/rising?

As of 28-Oct, Firstsource Solutions Ltd is experiencing a decline in its stock price, currently at Rs 343.35, which represents a decrease of Rs 9.4 or 2.66%. Today's price summary indicates that the stock has underperformed its sector by 0.65% and has fallen after two consecutive days of gains, touching an intraday low of Rs 341. The stock's performance over the past week shows a positive return of 6.58%, but it has underperformed over the past month and year, with returns of -2.30% and -7.89%, respectively. Despite a healthy operating profit growth rate of 16.29% and a low debt-to-equity ratio of 0.43, the stock is trading at a discount compared to its peers, which may not be enough to offset the recent negative price movement.
In the broader market context, the Sensex has shown a modest increase of 0.24% over the past week, contrasting with Firstsource Solutions' recent decline. The BPO/ITeS sector, to which the company belongs, has also fallen by 2%, indicating sector-wide challenges that may be affecting investor sentiment. While the stock has high institutional holdings at 33.88%, suggesting confidence from larger investors, the overall market conditions and sector performance appear to be weighing on the stock's price, contributing to its current downward trend.