Why is KPIT Technologi. falling/rising?

As of 25-Jul, KPIT Technologies Ltd is experiencing a decline in its stock price, currently at 1,231.65, reflecting a decrease of 21.25 or 1.7%. The stock has been on a downward trend, losing 3.54% over the last two days and trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. In terms of performance relative to the market, the stock has underperformed, with a 1-week return of -2.72% compared to the Sensex's -0.36%, and a year-to-date decline of 16.05% against the Sensex's gain of 4.25%. Despite these short-term challenges, the company has shown strong long-term fundamentals, with a consistent return on equity of 22.47% and significant growth in net sales and operating profit.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, indicating that while the Sensex has seen positive returns, KPIT Technologies has struggled significantly over the past year, with a return of -31.19%. However, the company has maintained strong operational metrics, including positive results for the last 17 consecutive quarters and a healthy growth rate in profits. The high institutional holdings at 37.86% suggest that informed investors still see value in the company, which may provide some support for the stock despite its recent price decline.