Why is KPIT Technologi. falling/rising?

As of 18-Jul, KPIT Technologies Ltd is currently priced at 1,266.15, reflecting a decline of 15.8 points or 1.23%. The stock has been underperforming, having fallen for three consecutive days with a total decline of 2% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, investor participation has decreased significantly, with delivery volume dropping by 51.95% compared to the 5-day average. Despite these short-term challenges, the company has demonstrated strong long-term fundamentals, including a robust average return on equity (ROE) of 22.47% and consistent growth in net sales and operating profit. However, the stock's performance over the past year has been poor, with a return of -31.80%, despite a 41.2% increase in profits, suggesting a disconnect between market perception and underlying financial health.
In the broader market context, KPIT Technologies has underperformed the Sensex, which has seen a slight gain of 0.38% over the past month while KPIT has declined by 10.72%. This trend is further emphasized by the stock's performance relative to the benchmark, as it has lost value while the market has remained relatively stable. The high institutional holdings at 38.47% indicate that informed investors are maintaining their positions, which may provide some support for the stock. However, the overall negative sentiment and declining trading volumes suggest that market participants are cautious, contributing to the stock's downward movement.