Why is KPIT Technologi. falling/rising?

As of 11-Jul, KPIT Technologies Ltd is experiencing a price increase, currently at 1,269.20, reflecting a rise of 14.2 or 1.13%. Today's performance indicates that the stock has outperformed its sector by 3.27% and has shown a trend reversal after two consecutive days of decline. Although the stock has a negative return of -7.97% over the past month and -26.21% over the past year, it has demonstrated strong long-term fundamentals, including a healthy average Return on Equity (ROE) of 22.47% and consistent positive results over the last 17 quarters. The company’s net sales and operating profit have also shown significant growth, contributing to a fair valuation compared to its peers.
In the broader market context, the stock's short-term return of +0.41% over the past week contrasts with the Sensex, which has declined by -1.12% during the same period. This indicates that KPIT Technologies is performing relatively well against the benchmark. Additionally, the IT - Software sector has faced a downturn of -2.17%, yet KPIT's rising investor participation, with a 3.42% increase in delivery volume, suggests growing interest among investors. The high institutional holdings at 38.47% further support the stock's stability, as these investors typically have more resources to analyze the company's fundamentals.