Why is KPIT Technologi. falling/rising?

As of 22-Aug, KPIT Technologies Ltd is experiencing a decline in its stock price, currently at 1,197.95, reflecting a decrease of 15.85 points or 1.31%. The stock has underperformed its sector by 0.3% today and has been on a consecutive downward trend for the last two days, with a total return loss of 1.35% during this period. Additionally, KPIT Technologies has shown negative returns over various time frames, including a 1-week decline of 0.94% and a significant 1-year drop of 34.66%, despite a healthy growth in profits of 21.5%. The stock is trading below its moving averages across multiple time frames, indicating a bearish trend. Furthermore, there has been a 17% decrease in delivery volume compared to the 5-day average, suggesting falling investor participation.
In the broader market context, while the Sensex has gained 0.88% over the past week, KPIT Technologies has lagged behind, highlighting its underperformance relative to the benchmark. The company has strong long-term fundamentals, including a robust average return on equity of 22.47% and a low debt-to-equity ratio, which typically supports stock valuation. However, recent flat results and the lowest recorded net profit in the latest quarter have contributed to investor concerns, leading to the stock's decline. Despite high institutional holdings at 37.86%, which usually indicates confidence in the company's fundamentals, the significant underperformance over the past year compared to the broader market has likely influenced the negative sentiment surrounding the stock.