Why is KPIT Technologi. falling/rising?

As of 23-Jul, KPIT Technologies Ltd's stock price is currently at 1,276.85, reflecting an increase of 21.75 or 1.73%. The stock has shown a trend reversal, gaining after five consecutive days of decline, and it outperformed its sector by 1.28% today. Despite this positive movement, the stock has experienced a decline of 8.19% over the past month and 12.97% year-to-date. However, the company has demonstrated strong long-term fundamentals, with a healthy average return on equity of 22.47% and consistent positive results over the last 17 quarters, indicating robust operational performance.
In the broader market context, KPIT Technologies' short-term performance has been weaker than the benchmark Sensex, which has gained 0.11% over the past week while KPIT's stock has decreased by 0.63%. Despite the recent uptick in price, the stock's year-over-year return remains significantly negative at -28.90%, contrasting with the Sensex's positive return of 2.86%. The stock's liquidity is adequate for trading, but there has been a noted decline in investor participation, with delivery volume falling by nearly 10% against the five-day average. This combination of factors suggests that while there is some positive momentum, the overall market sentiment towards KPIT Technologies remains cautious.