Why is KPIT Technologi. falling/rising?

As of 19-Aug, KPIT Technologies Ltd is experiencing a decline in its stock price, currently at 1,199.45, reflecting a decrease of 8.45 points or 0.7%. The stock has underperformed its sector by 0.76% today and has been on a downward trend for the past four days, accumulating a total decline of 1.29% during this period. Additionally, KPIT Technologies has shown negative returns over various time frames, including a 1-week decline of 1.58%, a 1-month drop of 5.27%, and a year-to-date decrease of 18.25%. Despite strong long-term fundamentals, such as a healthy average return on equity of 22.47% and significant growth in net sales and operating profit, the stock's performance has been hindered by flat quarterly results and a substantial year-over-year decline of 34.63%.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has gained 1.76% over the past week and 4.49% year-to-date. This underperformance is further emphasized by the falling investor participation, as evidenced by a 25.14% drop in delivery volume compared to the 5-day average. The stock's liquidity remains adequate for trading, but the consistent decline and negative sentiment surrounding its recent earnings report have contributed to its current price movement. Overall, while KPIT Technologies has strong fundamentals and institutional backing, the recent financial results and market dynamics have led to a significant decrease in its stock price.