Why is KPIT Technologi. falling/rising?

As of 29-Aug, KPIT Technologies Ltd is experiencing a price increase, currently at 1,190.70, reflecting a change of 8.75 or 0.74% upward. Today's performance indicates that the stock has outperformed its sector by 1.42% and has gained after two consecutive days of decline. However, it is trading below all its moving averages, which suggests a bearish trend. Despite a year-to-date decline of 18.85% and a significant one-year drop of 35.92%, the company shows strong long-term fundamentals with a healthy return on equity of 22.47% and impressive growth in net sales and operating profit. The stock is also trading at a discount compared to its peers, which may attract investor interest.
In the broader market context, KPIT Technologies has underperformed the benchmark, with a one-year return of -35.92% compared to the BSE500's -5.40%. This stark contrast highlights the stock's struggles despite its strong fundamentals and high institutional holdings of 37.86%. The recent increase in delivery volume by 30.18% indicates rising investor participation, which could be a positive sign for future performance. However, the flat results reported for the quarter ending June 25, including a significant drop in profit after tax, continue to weigh on investor sentiment, suggesting that while there may be short-term gains, the long-term outlook remains cautious.