Why is KPIT Technologi. falling/rising?

As of 21-Jul, KPIT Technologies Ltd is currently priced at 1,265.45, reflecting a decrease of 0.7, or 0.06%. The stock has been on a downward trend, having fallen for the last four consecutive days, resulting in a total decline of 2.05% during this period. In the past week, the stock has underperformed slightly against the Sensex, with a return of -0.16% compared to the benchmark's -0.06%. Additionally, KPIT Technologies has experienced a significant drop in investor participation, with delivery volume decreasing by 61.68% against the five-day average. Despite these short-term challenges, the company maintains strong long-term fundamentals, including a healthy average return on equity of 22.47% and consistent positive results over the last 17 quarters, which may provide some support for the stock's valuation.
In the broader market context, KPIT Technologies' year-to-date performance shows a decline of 13.75%, contrasting sharply with the Sensex's gain of 5.20%. This disparity highlights the stock's struggles relative to the overall market. However, over a three-year period, KPIT has significantly outperformed the benchmark with a return of 136.53% compared to the Sensex's 47.62%. The company's strong fundamentals, including a low debt-to-equity ratio and high institutional holdings at 38.47%, suggest that while the stock is currently facing downward pressure, its long-term growth potential remains intact, which could attract investors looking for value in the future.