Why is KPIT Technologi. falling/rising?

As of 11-Aug, KPIT Technologies Ltd is currently priced at 1,196.15, reflecting an increase of 5.4 (0.45%). The stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the short term. However, there has been a significant rise in investor participation, with delivery volume increasing by 210.75% compared to the 5-day average. Despite a negative return of -31.80% over the past year, the company has demonstrated strong long-term fundamentals, including a healthy average Return on Equity (ROE) of 22.47% and a low Debt to Equity ratio. The stock is currently trading at a discount compared to its peers, although recent quarterly results showed a decline in profit after tax and profit before tax, which may contribute to investor caution.
In the broader market context, KPIT Technologies has underperformed the benchmark, with a 1-year return of -31.80% compared to the Sensex's positive return of 1.13%. This stark contrast highlights the stock's struggles relative to the overall market, despite its strong long-term growth potential. The recent price increase may be attributed to increased trading activity and investor interest, but the overall negative sentiment from the company's recent financial performance and its significant underperformance against the market suggests that caution remains among investors.