Why is LTI Mindtree falling/rising?

As of 28-Jul, LTI Mindtree Ltd is currently priced at 5,045.60, reflecting a decline of 55.55 points or 1.09%. The stock has been experiencing a downward trend, having fallen for the last three consecutive days, resulting in a total return of -4.77% during this period. While the stock is trading above its 100-day moving average, it is below its 5-day, 20-day, 50-day, and 200-day moving averages. Despite this decline, there has been a notable increase in investor participation, with delivery volume rising by 17.92% compared to the 5-day average. The company demonstrates strong long-term fundamentals, evidenced by an average Return on Equity (ROE) of 24.46% and significant growth in net sales and operating profit. Additionally, high institutional holdings at 22.82% indicate confidence from more knowledgeable investors.
In the broader market context, LTI Mindtree's performance over the past week shows a decline of 2.16%, which is worse than the benchmark Sensex's drop of 1.59%. Over the past month, the stock has decreased by 4.79%, while the Sensex has fallen by 3.77%. Year-to-date, LTI Mindtree has underperformed significantly, with a decline of 9.67% compared to the Sensex's gain of 3.52%. This underperformance in the context of a generally rising market may contribute to the stock's recent price decline, as investors may be reacting to the relative weakness compared to the benchmark.