Why is KPIT Technologi. falling/rising?

As of 15-Sep, KPIT Technologies Ltd is currently priced at 1,255.20, reflecting a rise of 2.7 (0.22%). The stock has shown a trend reversal, gaining after two consecutive days of decline, despite opening with a loss of 2.59% today and touching an intraday low of Rs 1220.05. Over the past week, the stock has outperformed the sector by 0.69% and has returned 2.32%, while its one-month return stands at 3.50%. The company maintains strong long-term fundamentals, with an average Return on Equity (ROE) of 22.47% and healthy growth in net sales and operating profit. However, it has experienced a significant decline of 31.37% over the past year, despite a 21.5% increase in profits, indicating a potential undervaluation compared to its peers.
In the broader market context, KPIT Technologies has outperformed the Sensex over the past week and month, which returned 1.24% and 1.47%, respectively. However, the stock has a year-to-date decline of 14.45%, contrasting with the Sensex's gain of 4.67%. The falling investor participation, with a delivery volume decrease of 35.8% against the five-day average, may indicate reduced interest among retail investors, although high institutional holdings at 37.86% suggest confidence from more resourceful investors. Overall, while the stock shows positive signs of recovery today, its long-term performance remains a concern amidst broader market trends.