Why is Infosys falling/rising?

As of 05-Sep, Infosys Ltd is experiencing a decline in its stock price, currently at 1,444.35, which reflects a decrease of 18.9 points or 1.29%. The stock has been on a downward trend, losing value for the last four consecutive days, with a total decline of 3.67% during this period. It has also touched an intraday low of Rs 1433.15, indicating significant selling pressure. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 21.55% compared to the 5-day average. Despite the company's strong long-term fundamentals, including a healthy return on equity and low debt-to-equity ratio, the stock has underperformed significantly, with a year-to-date decline of 23.20% and a one-year return of -25.22%.
In the broader market context, Infosys's recent performance contrasts sharply with the Sensex, which has gained 1.13% over the past week and shows a positive return of 3.29% year-to-date. This consistent underperformance against the benchmark over the last three years has contributed to negative sentiment among investors. While the company maintains high institutional holdings and a fair valuation relative to its peers, the flat results reported on June 25 and the stock's inability to generate positive returns in the past year have led to a lack of confidence among retail investors. Overall, the combination of declining stock performance, reduced trading activity, and persistent underperformance relative to the market has resulted in the current downward movement of Infosys's stock price.