Why is Infosys falling/rising?

As of 19-Aug, Infosys Ltd's stock price is currently at 1,440.00, reflecting an increase of 4.4 (0.31%). Today's price summary indicates that the stock's performance is in line with the sector, although it is higher than the 5-day moving averages but lower than the 20-day, 50-day, 100-day, and 200-day moving averages. Notably, there has been a decline in investor participation, with delivery volume falling by 23.67% against the 5-day average. Despite a significant year-to-date decline of 23.43% and a 1-year return of -22.75%, the company maintains strong long-term fundamentals, including a healthy return on equity (ROE) of 30.48%, low debt-to-equity ratio, and high institutional holdings at 71.54%. These factors suggest that while the stock has faced recent challenges, its fundamental strength may provide some support for its price.
In the broader market context, Infosys has underperformed against the benchmark Sensex, which has gained 1.76% over the past week, while Infosys has only increased by 0.98%. The stock's year-to-date performance is notably worse than the benchmark, which has risen by 4.49%. This consistent underperformance over the last three years, combined with flat results reported in June, contributes to a cautious outlook among investors. While the stock is trading at a fair valuation compared to its peers, the recent decline in delivery volumes and overall investor participation may indicate a lack of confidence in the stock's recovery in the short term.