Why is KPIT Technologi. falling/rising?

As of 28-Jul, KPIT Technologies Ltd is experiencing a decline in its stock price, currently at Rs 1,197.00, which reflects a decrease of Rs 34.65 or 2.81%. The stock has underperformed its sector, falling for the last three consecutive days with a total decline of 6.25%. It has also touched an intraday low of Rs 1,180, indicating significant selling pressure. Over the past week, the stock has decreased by 5.41%, and on a year-to-date basis, it has seen a substantial drop of 18.42%. Despite these short-term challenges, the company has demonstrated strong long-term fundamentals, including a robust average Return on Equity (ROE) of 22.47% and consistent positive results over the last 17 quarters, which may provide some support for the stock in the long run.
In the broader market context, KPIT Technologies' recent performance contrasts with the Sensex, which has only declined by 1.59% over the same week. This indicates that the stock is underperforming relative to the overall market. The company's liquidity appears adequate, with a delivery volume increase of 116.43% against the 5-day average, suggesting heightened investor interest despite the falling price. However, the stock's trading below all key moving averages and its significant year-over-year decline of 33.13% compared to the Sensex's near flat performance further underscores the challenges it faces in regaining investor confidence in the short term.