Why is KPIT Technologi. falling/rising?

As of 19-Sep, KPIT Technologies Ltd is experiencing a decline in its stock price, currently at 1,287.00, which reflects a decrease of 17.9 points or 1.37%. Today's price summary indicates that the stock has underperformed its sector by 0.97% and has reversed its trend after two consecutive days of gains. Despite a strong performance over the past week and month, with returns of 2.75% and 7.30% respectively, the stock has faced challenges in the year-to-date and one-year periods, showing declines of 12.28% and 23.32%. The stock's moving averages suggest it is currently lower than the 200-day moving average, although it remains higher than the shorter-term averages. Additionally, rising investor participation is noted, with a significant increase in delivery volume.
In the broader market context, while KPIT Technologies has outperformed the Sensex in the short term, the overall year-to-date performance is notably poor compared to the benchmark's gain of 5.74%. The company maintains strong long-term fundamentals, evidenced by a healthy return on equity of 22.47% and consistent growth in net sales and operating profit. However, despite these strengths, the stock's recent performance has been negatively impacted by its significant decline over the past year, which contrasts with its rising profits. High institutional holdings at 37.86% may provide some stability, but the current market sentiment appears to be weighing on the stock's price.