Why is LTI Mindtree falling/rising?

As of 14-Jul, LTI Mindtree Ltd's stock price is currently at 5,156.85, reflecting a decrease of 53.3 points or 1.02%. The stock has been on a downward trend, having lost value for the last four consecutive days, resulting in a total decline of 3.82% during this period. Despite this recent downturn, the stock has shown strong long-term fundamentals, with an average Return on Equity (ROE) of 24.46% and healthy growth in net sales and operating profit. However, the stock's performance over the past year has been negative, with a return of -7.42%, even as profits have slightly increased by 0.4%. The stock is trading at a fair valuation compared to its peers, but the recent price movement indicates a struggle to maintain investor confidence.
In the broader market context, LTI Mindtree's short-term performance has been worse than the benchmark, with a 1-week return of -3.56% compared to the Sensex's decline of only 1.42%. This underperformance may be contributing to the stock's recent price drop, as investors often look to benchmark indices for guidance on market trends. Despite a rise in investor participation, as evidenced by an 87.08% increase in delivery volume, the stock's liquidity remains adequate for trading, but the overall market sentiment appears to be weighing on its price.