Why is KPIT Technologi. falling/rising?

As of 09-Sep, KPIT Technologies Ltd is experiencing a price increase, with its current price at Rs 1,239.70, reflecting a rise of Rs 13.0 or 1.06%. The stock has shown a positive performance today, reaching an intraday high of Rs 1,253.75, which is a 2.21% increase. However, it has underperformed its sector by 1.11%. Over the past week, the stock has gained 2.64%, while its one-month return stands at 4.11%. Despite these short-term gains, the stock has faced significant declines over the longer term, with a year-to-date drop of 15.51% and a one-year decline of 29.17%. The company's strong long-term fundamentals, including a healthy average return on equity of 22.47% and a low debt-to-equity ratio, contribute positively to its valuation, although it has been trading at a discount compared to its peers.
In the broader market context, the IT - Software sector has gained by 2.18%, indicating a favorable environment for technology stocks. While KPIT Technologies has outperformed the Sensex in the short term, its delivery volume has significantly decreased by 49.3% compared to the five-day average, suggesting falling investor participation. This decline in trading activity may impact future price movements. Despite the stock's recent rise, its year-to-date performance remains weak compared to the Sensex, which has gained 3.79% this year. The high institutional holdings at 37.86% may provide some stability, as these investors typically have better resources to analyze the company's fundamentals.