Why is KPIT Technologi. falling/rising?

As of 24-Sep, KPIT Technologies Ltd is currently priced at 1,240.70, reflecting a decrease of 8.8 points or 0.7%. The stock has been on a downward trend, losing value for the last four consecutive days, resulting in a total decline of 4.92% during this period. In terms of returns, the stock has underperformed in the short term with a 1-week decline of 4.31%, while it has shown a modest gain of 3.57% over the past month. Despite this recent downturn, the company maintains strong long-term fundamentals, evidenced by a robust average Return on Equity (ROE) of 22.47% and significant growth in net sales and operating profit. Additionally, the stock is trading at a discount compared to its peers, which may indicate potential for recovery in the long run.
Broader market context shows that while KPIT Technologies has faced challenges, the broader Sensex index has also experienced a decline of 1.18% over the past week. The stock's liquidity remains healthy, with a notable increase in delivery volume, suggesting rising investor participation. However, the year-to-date performance of KPIT Technologies is concerning, with a decline of 15.44% compared to the Sensex's gain of 4.58%. This disparity highlights the stock's recent struggles despite its strong fundamentals and high institutional holdings, which could provide some support in the future.