Why is KPIT Technologi. falling/rising?

As of 24-Jul, KPIT Technologies Ltd is experiencing a decline in its stock price, currently at 1,252.90, reflecting a decrease of 23.95 points or 1.88%. The stock has underperformed its sector by 0.37% today, with an intraday low of Rs 1250.45, indicating a downward trend. Over the past week, the stock has decreased by 2.27%, and it has shown a significant decline of 14.61% year-to-date, alongside a substantial 32.34% drop over the past year. Despite these short-term challenges, the company has demonstrated strong long-term fundamentals, with a healthy average Return on Equity (ROE) of 22.47% and consistent growth in net sales and operating profit. The stock is currently trading at a discount compared to its peers, which may indicate potential for recovery, although recent performance has been lackluster.
In the broader market context, KPIT Technologies' recent performance contrasts sharply with the Sensex, which has seen a slight increase of 0.16% over the past month and a 5.18% rise year-to-date. This suggests that while the overall market is experiencing growth, KPIT Technologies is struggling to keep pace, particularly in the short term. The high institutional holdings at 37.86% may provide some stability, as these investors typically have greater resources to analyze the company's fundamentals. However, the stock's current trajectory reflects investor concerns, as evidenced by its underperformance relative to both the sector and the benchmark indices.