Why is Infosys falling/rising?

As of 07-Aug, Infosys Ltd's stock price is currently at 1,437.65, reflecting a slight increase of 1.9 (0.13%). The stock has shown a trend reversal, gaining after two consecutive days of decline. However, it has underperformed its sector by 0.55% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 4.70%, and it has also seen a significant decline of 11.53% over the past month. Despite these short-term challenges, the company maintains strong long-term fundamentals, with a healthy return on equity (ROE) of 30.48% and a low debt-to-equity ratio. The stock is trading at a fair valuation compared to its peers, but it has consistently underperformed against the benchmark over the last three years, generating a return of -19.77% in the past year.
In the broader market context, the Sensex has decreased by only 0.69% over the past week, indicating that Infosys's short-term performance is lagging behind the benchmark. While the stock's recent price movement shows a minor uptick, its overall trajectory remains concerning, especially given its significant underperformance against the benchmark indices over multiple periods. High institutional holdings at 71.54% suggest that informed investors are closely monitoring the company's fundamentals, but the flat results reported on June 25 and the stock's persistent underperformance may contribute to cautious sentiment among investors.