Why is Infosys falling/rising?

As of 03-Sep, Infosys Ltd's stock price is currently at 1,479.30, reflecting a decline of 17.8 points or 1.19%. The stock has underperformed its sector today by 0.64% and has been on a downward trend for the last two days, accumulating a total drop of 1.34%. Over the past week, Infosys has seen a decrease of 3.30%, while its performance over the last month shows a slight gain of 0.59%. However, the stock has significantly underperformed over the year, with a return of -23.76%. Despite its strong long-term fundamentals, including a healthy average Return on Equity (ROE) of 30.48% and low debt levels, the stock's recent performance has been hindered by consistent underperformance against benchmarks and a flat result in June.
In the broader market context, the Sensex has only declined by 0.27% over the past week, indicating that Infosys's short-term performance is notably worse than the benchmark. The stock's liquidity appears adequate, but a significant drop in delivery volume by 57.44% against the five-day average suggests waning investor interest. Furthermore, high institutional holdings at 71.54% indicate that while there is confidence from larger investors, the stock's persistent underperformance over the last three years raises concerns among retail investors. Overall, the combination of recent price declines, underperformance against benchmarks, and reduced trading activity contributes to the stock's current downward trajectory.