Why is KPIT Technologi. falling/rising?

As of 22-Jul, KPIT Technologies Ltd is experiencing a decline in its stock price, currently at 1,255.10, reflecting a decrease of 10.35 points or 0.82%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 2.85% over the past week. Additionally, it has underperformed its sector by 0.6% today. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite the company's strong long-term fundamentals, including a solid average return on equity of 22.47% and consistent positive results over the last 17 quarters, the stock has generated a significant negative return of 31.19% over the past year, even as profits increased by 41.2%.
In the broader market context, KPIT Technologies' recent performance contrasts sharply with the benchmark Sensex, which has only declined by 0.47% over the past week and has gained 5.18% year-to-date. This disparity highlights the stock's struggles relative to the overall market. Furthermore, the decline in investor participation, with a 17.1% drop in delivery volume compared to the 5-day average, suggests waning interest among investors. While the company boasts high institutional holdings at 38.47%, indicating confidence from larger investors, the stock's current trajectory reflects a challenging environment that may be affecting investor sentiment negatively.