Why is KPIT Technologi. falling/rising?

As of 13-Aug, KPIT Technologies Ltd is currently priced at 1,216.10, reflecting a decrease of 2.65, or 0.22%. The stock has underperformed the sector today by 0.36% and has experienced a trend reversal, falling after two consecutive days of gains. In terms of performance over different periods, the stock has seen a 1-week increase of 0.66%, but it has declined by 4.18% over the past month and 30.44% over the past year. Despite a strong long-term fundamental strength indicated by an average Return on Equity (ROE) of 22.47% and healthy growth in net sales and operating profit, the stock's recent performance has been negatively impacted by flat quarterly results and a significant year-over-year decline in stock returns compared to the market.
In the broader market context, while the Sensex has shown a slight decline of 0.01% over the past week, KPIT Technologies has managed a modest gain, indicating some resilience. However, the stock's year-to-date performance is significantly worse than the benchmark, with a decline of 17.11% compared to the Sensex's increase of 3.07%. The falling investor participation, as evidenced by a 19.8% drop in delivery volume, further suggests a lack of confidence among investors, which may contribute to the stock's downward movement. Overall, the combination of disappointing quarterly results and underperformance relative to the market has led to a negative sentiment surrounding KPIT Technologies Ltd.