Why is KPIT Technologi. falling/rising?

As of 17-Jul, KPIT Technologies Ltd's stock price is currently at 1,281.95, reflecting a decline of 3.05 points or 0.24%. The stock has been experiencing a downward trend, having fallen for the last two consecutive days, resulting in a total decline of 0.77% during this period. Despite outperforming its sector by 0.89% today, the stock's performance over the past month shows a significant drop of 8.37%, while year-to-date returns are down by 12.63%. The stock's moving averages indicate it is currently higher than the 5-day average but lower than the 20, 50, 100, and 200-day averages. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 28.6% compared to the 5-day average.
In the broader market context, the Sensex has shown a slight decline of 1.12% over the past week, while KPIT Technologies has gained 2.15% during the same period, indicating a relative strength in the short term. However, the stock's longer-term performance is concerning, with a year-over-year decline of 31.41% compared to a modest 1.91% increase in the Sensex. Despite the recent negative price movement, the company maintains strong long-term fundamentals, including a robust average return on equity of 22.47% and consistent positive results over the last 17 quarters. The high institutional holdings at 38.47% suggest confidence from more knowledgeable investors, which may provide some support for the stock despite its recent price decline.