Why is KPIT Technologi. falling/rising?

As of 14-Jul, KPIT Technologies Ltd is currently priced at 1,267.45, reflecting a decrease of 1.75 points or 0.14%. The stock has shown a slight outperformance today, exceeding its sector by 0.89%. However, over the past week, it has experienced a marginal decline of 0.13%, while its performance over the last month and year indicates a more significant downturn, with returns of -6.60% and -32.00%, respectively. Despite this, the company has demonstrated strong long-term fundamentals, including a robust average Return on Equity (ROE) of 22.47% and consistent positive results over the last 17 quarters. The stock is trading at a discount compared to its peers, and its profits have risen by 41.2% over the past year, indicating potential for recovery.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has declined by 1.42% over the past week but has gained 5.27% year-to-date. This suggests that while KPIT Technologies is facing challenges, it is not alone in a declining market. The rising investor participation, evidenced by an 89.24% increase in delivery volume, indicates a growing interest in the stock, which may help stabilize its price. Additionally, the high institutional holdings at 38.47% suggest confidence from more knowledgeable investors, which could provide support for the stock moving forward.