Why is KPIT Technologi. falling/rising?

As of 09-Jul, KPIT Technologies Ltd is experiencing a decline in its stock price, currently at 1,259.35, reflecting a decrease of 12.0 points or 0.94%. The stock has fallen after four consecutive days of gains, and today's performance is in line with the sector. The stock's moving averages indicate it is higher than the 5-day average but lower than the 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a significant drop in investor participation, with delivery volume decreasing by 50.33% compared to the 5-day average. Over the past week, the stock has shown a modest gain of 1.49%, but it has underperformed over the longer term, with a 7.32% decline over the past month and a substantial 26.63% drop over the past year.
In the broader market context, while the Sensex has gained 0.15% over the past week, KPIT Technologies has lagged behind with its 1.49% increase. Despite the recent price drop, the company maintains strong long-term fundamentals, with a healthy return on equity of 22.47% and consistent positive results over the last 17 quarters. The company's net sales and operating profit have shown significant growth, and it is trading at a discount compared to its peers. However, the recent decline in stock price may reflect market sentiment and investor caution, despite high institutional holdings and a favorable PEG ratio of 1.