Why is KPIT Technologi. falling/rising?

As of 21-Aug, KPIT Technologies Ltd is experiencing a slight decline in its stock price, currently at 1,213.80, reflecting a decrease of 0.6 or 0.05%. The stock's performance today is in line with the sector, showing a delivery volume increase of 113.75% compared to the 5-day average, indicating rising investor participation. However, the stock has underperformed in the longer term, with a year-to-date return of -17.27% and a one-year return of -33.68%, despite a healthy profit increase of 21.5%. The company maintains strong long-term fundamentals, evidenced by an average Return on Equity (ROE) of 22.47% and a low Debt to Equity ratio, but recent quarterly results have shown a decline in profit after tax and profit before tax compared to previous quarters.
Broader Market Context: In the context of the broader market, the Sensex has performed better, with a one-year return of +1.35% and a year-to-date return of +4.94%. This stark contrast highlights the stock's significant underperformance relative to the market, as it has fallen much more sharply than the overall market trend. Despite the stock trading at a discount compared to its peers and having high institutional holdings at 37.86%, the recent flat results and lower profitability metrics have contributed to a negative sentiment among investors, leading to the current price decline.