Why is KPIT Technologi. falling/rising?

As of 06-Aug, KPIT Technologies Ltd is experiencing a decline in its stock price, currently at 1,209.50, reflecting a decrease of 0.85, or 0.07%. The stock has been underperforming recently, with a consecutive fall over the last two days, resulting in a total decline of 0.68%. Additionally, KPIT's performance over the past week shows a drop of 4.74%, while its year-to-date return is down 17.56%. Despite these short-term challenges, the company maintains strong long-term fundamentals, evidenced by a robust average Return on Equity (ROE) of 22.47% and significant growth in net sales and operating profit. However, the stock is currently trading below all key moving averages, indicating a bearish trend, and there has been a notable decrease in investor participation, with delivery volume falling by 51.27% against the five-day average.
In the broader market context, KPIT Technologies has underperformed the benchmark Sensex, which has only declined by 1.15% over the past week, while KPIT's decline is significantly steeper. This disparity highlights the stock's recent struggles relative to the market. Despite the negative short-term performance, the company benefits from high institutional holdings at 37.86%, suggesting confidence from more sophisticated investors who can analyze the company's fundamentals effectively. Overall, while KPIT Technologies has strong long-term potential, its current price movement reflects short-term pressures and market sentiment that are unfavorable.