Why is LTI Mindtree falling/rising?

As of 18-Jul, LTI Mindtree Ltd is experiencing a decline in its stock price, currently at Rs 5,125.00, reflecting a decrease of Rs 65.95 or 1.27%. The stock has underperformed its sector by 1.17% today and has been on a consecutive downward trend for the last two days, with a total decline of 3.79%. It reached an intraday low of Rs 5,073.65, indicating a significant drop. Over the past week, the stock has fallen by 1.63%, and year-to-date, it has decreased by 8.25%. Despite these short-term challenges, the company maintains strong long-term fundamentals, evidenced by a healthy average Return on Equity (ROE) of 24.46% and impressive growth rates in net sales and operating profit. The stock is trading at a fair valuation compared to its peers, which may provide some support against further declines.
In the broader market context, LTI Mindtree's recent performance contrasts with the Sensex, which has shown a slight gain of 0.38% over the past month. This underperformance relative to the benchmark indicates a challenging environment for the stock, particularly as it has lagged behind the market over various time frames, including a year-to-date decline of 8.25% compared to the Sensex's increase of 4.63%. The rising investor participation, with a significant increase in delivery volume, suggests some interest in the stock despite its recent price drop. However, the overall market sentiment and the stock's recent performance indicate that investors may be cautious, leading to the current downward trend.