Why is KPIT Technologi. falling/rising?

As of 08-Sep, KPIT Technologies Ltd is experiencing a decline in its stock price, currently at 1,226.70, which reflects a decrease of 5.35 or 0.43%. Today's price summary indicates that the stock has outperformed its sector by 0.42%, but it has fallen after three consecutive days of gains. The stock's performance over the past week shows a slight increase of 0.14%, while its one-month return is up by 3.02%. However, the stock has underperformed significantly on a year-to-date basis with a decline of 16.39% and a one-year return of -29.13%. Despite strong long-term fundamentals, including a healthy return on equity and low debt-to-equity ratio, the recent flat quarterly results and a significant drop in profit after tax have negatively impacted investor sentiment.
In the broader market context, while the Sensex has risen by 0.53% over the past week, KPIT Technologies' modest gain of 0.14% indicates a lag in performance relative to the benchmark. The stock's liquidity remains adequate, but a notable decrease in delivery volume suggests falling investor participation, which could further pressure the stock price. Additionally, high institutional holdings may provide some stability, yet the stock's significant underperformance over the past year compared to the market raises concerns among investors. Overall, the combination of recent profit declines and a lack of momentum in the stock's price movement contributes to its current downward trend.