Why is KPIT Technologi. falling/rising?

As of 30-Sep, KPIT Technologies Ltd is experiencing a decline in its stock price, currently at 1,089.85, reflecting a decrease of 119.55 points or 9.89%. The stock has underperformed its sector by 9.66% today and has been on a downward trend for the last three days, accumulating a total loss of 13.22%. Additionally, the stock has touched an intraday low of Rs 1,067.65 and has shown high volatility with an intraday fluctuation of 7.18%. Over the past week, the stock has fallen by 12.78%, and its year-to-date performance shows a significant decline of 25.72%. Despite strong long-term fundamentals, including a robust return on equity and healthy sales growth, the recent flat quarterly results and substantial underperformance compared to the broader market have negatively impacted investor sentiment.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has only declined by 2.23% over the past week. This stark difference highlights the stock's struggle, particularly given its year-long return of -32.98% compared to the market's -4.78%. The falling investor participation, evidenced by a 48.04% drop in delivery volume, further suggests a lack of confidence among retail investors. While the company maintains high institutional holdings and solid long-term growth potential, the recent negative financial results and significant underperformance relative to the market have contributed to the stock's current decline.