Why is KPIT Technologi. falling/rising?

As of 01-Aug, KPIT Technologies Ltd is experiencing a decline in its stock price, currently at 1,206.35, which reflects a decrease of 22.1 points or 1.8%. The stock has been losing value for the last two days, with a total drop of 4.99% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. In terms of performance against benchmarks, the stock has underperformed with a 1-week return of -2.05% compared to the Sensex's -1.06%, and a year-to-date decline of -17.78% against the Sensex's gain of 3.15%. Despite strong long-term fundamentals, including a healthy return on equity and growth in net sales, the stock's recent performance has been negatively impacted by flat quarterly results and a significant year-over-year decline of 34.48%.
In the broader market context, KPIT Technologies has underperformed significantly compared to the overall market, which has seen a negative return of -4.13% over the past year. This stark contrast highlights the challenges the company faces, as its stock has not only fallen more sharply than the market but also reflects a lack of investor confidence following disappointing quarterly results. The high institutional holdings at 37.86% suggest that informed investors are closely monitoring the company's fundamentals, yet the recent performance indicates that the stock's valuation may not align with its growth potential, contributing to its current downward trend.