Why is KPIT Technologi. falling/rising?

As of 12-Sep, KPIT Technologies Ltd is experiencing a decline in its stock price, currently at 1,252.50, which reflects a decrease of 9.0 or 0.71%. The stock has underperformed its sector today by 0.91% and has been on a downward trend for the last two days, accumulating a total decline of 2.81%. Despite showing positive returns over the past week and month, with increases of 1.66% and 2.77% respectively, the stock has significantly underperformed on a year-to-date basis, down 14.63%. The stock is currently trading above its 5-day, 20-day, and 50-day moving averages but below its 100-day and 200-day moving averages. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 29.06% compared to the 5-day average.
In the broader market context, while KPIT Technologies has shown a positive return over the past week compared to the Sensex, which increased by 1.48%, its year-to-date performance starkly contrasts with the benchmark's gain of 4.82%. The company maintains strong long-term fundamentals, evidenced by a healthy return on equity of 22.47% and significant growth in net sales and operating profit. However, the recent price decline may reflect market sentiment, as the stock has generated a negative return of 31.78% over the past year despite a 21.5% rise in profits, indicating potential concerns over valuation despite its fair pricing relative to peers. High institutional holdings at 37.86% suggest that informed investors are backing the stock, yet the recent price movement indicates a cautious market outlook.