Why is KPIT Technologi. falling/rising?

As of 08-Aug, KPIT Technologies Ltd is experiencing a decline in its stock price, currently at Rs 1,190.75, which reflects a decrease of Rs 25.6 or 2.1%. The stock has underperformed its sector by 1.3% today, touching an intraday low of Rs 1,188. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 1.29%, and it has seen a significant drop of 6.34% over the past month. Despite a strong long-term fundamental strength indicated by a healthy return on equity and growth in net sales and operating profit, the stock has generated a return of -30.25% over the past year, which may be contributing to the current downward trend.
In the broader market context, the Sensex has also seen a slight decline of 0.92% over the past week, indicating that the market sentiment may be affecting KPIT Technologies as well. However, the stock's year-to-date performance shows a stark contrast, with a decline of 18.84% compared to the Sensex's increase of 2.20%. The falling investor participation, with a 54.87% drop in delivery volume against the 5-day average, suggests a lack of confidence among retail investors, which could further exacerbate the stock's decline. Despite high institutional holdings that typically indicate a level of confidence in the company's fundamentals, the current market conditions and stock performance suggest a challenging environment for KPIT Technologies.