Why is KPIT Technologi. falling/rising?

As of 02-Jul, KPIT Technologies Ltd is experiencing a decline in its stock price, currently at 1,240.90, reflecting a decrease of 5.95 points or 0.48%. The stock has been underperforming significantly, having fallen for the last eight consecutive days, resulting in a total decline of 11.05% during this period. Additionally, the stock's performance over the past week shows a decrease of 4.23%, and it has underperformed the sector by 0.57% today. The stock is trading below its moving averages across various time frames, indicating a bearish trend. Despite strong long-term fundamentals, including a healthy return on equity and consistent profit growth, the recent price movement suggests that investor sentiment may be negatively impacted by the stock's ongoing decline and reduced trading volume, which has fallen by 35.62% against the five-day average.
In the broader market context, the Sensex has shown a positive return of 0.79% over the past week, contrasting sharply with KPIT Technologies' negative performance. While the stock has generated a significant decline of 25.28% over the past year, the benchmark has increased by 5.00% during the same period. This disparity highlights the stock's struggle to keep pace with the market, despite its strong institutional backing and positive long-term growth indicators. The high institutional holdings at 38.47% suggest that knowledgeable investors are still confident in the company's fundamentals, but the recent price action indicates a disconnect between these fundamentals and market sentiment.