Why is KPIT Technologi. falling/rising?

As of 07-Aug, KPIT Technologies Ltd is experiencing a price increase, with its current price at 1,216.35, reflecting a change of 8.25 (0.68%) upward. The stock has shown a trend reversal, gaining after two consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally weaker performance in the short term. The stock's performance over the past week is down by 0.98%, and it has seen a significant decline of 17.10% year-to-date, contrasting with a positive return of 3.18% for the benchmark Sensex. Despite these challenges, KPIT Technologies has strong long-term fundamentals, with a healthy average return on equity of 22.47% and consistent growth in net sales and operating profit, which may support its price recovery.
In the broader market context, the stock's recent performance has been relatively inline with the sector, although it has underperformed compared to the benchmark over the past week and month. The Sensex has declined by 0.69% in the last week and 3.38% in the last month, indicating a challenging market environment. The stock's high institutional holdings at 37.86% suggest that knowledgeable investors are backing the company, which may provide some stability. However, the falling investor participation, as evidenced by a 58.21% drop in delivery volume compared to the 5-day average, raises concerns about liquidity and investor confidence in the short term.