Why is LTI Mindtree falling/rising?

As of 22-Jul, LTI Mindtree Ltd is experiencing a price increase, currently at 5,186.65, with a change of 29.85, representing a rise of 0.58%. The stock has shown a positive performance today, outperforming its sector by 0.8% and marking a consecutive gain over the last two days, with a total return of 1.2% in this period. However, it is important to note that the stock has underperformed in the longer term, with a year-to-date decline of 7.14% compared to a 5.18% increase in the Sensex. The stock's delivery volume has decreased significantly, falling by 54.28% against the 5-day average, indicating a drop in investor participation. Despite this, the company maintains strong long-term fundamentals, evidenced by a robust average Return on Equity (ROE) of 24.46% and impressive growth rates in net sales and operating profit.
In the broader market context, LTI Mindtree's recent performance contrasts with the benchmark, as it has declined by 1.16% over the past week while the Sensex has only fallen by 0.47%. This suggests that the stock is facing specific challenges that are not affecting the broader market to the same extent. The company's high institutional holdings at 22.6% may provide some stability, as these investors typically have greater resources to analyze the company's fundamentals. However, the stock's performance over the past month and year indicates a struggle to keep pace with the market, which may be contributing to the cautious sentiment among investors.