Why is LTI Mindtree falling/rising?

As of 29-Jul, LTI Mindtree Ltd is currently priced at 5,053.45, reflecting a slight increase of 7.85 or 0.16%. Despite this minor uptick, the stock has been experiencing a downward trend, having fallen for the last four days with a total decline of 4.87% during this period. The stock's performance over the past week shows a decrease of 2.57%, and it has underperformed against the benchmark Sensex, which has only declined by 1.03%. Additionally, the stock's delivery volume has decreased significantly, indicating falling investor participation. However, the company maintains strong long-term fundamentals, with a robust average Return on Equity (ROE) of 24.46%, and has reported positive results in June, including record net sales and dividends.
In the broader market context, LTI Mindtree's year-to-date performance shows a decline of 9.53%, contrasting sharply with the Sensex, which has gained 4.09% in the same timeframe. This suggests that while the overall market is experiencing growth, LTI Mindtree is struggling to keep pace. The stock's performance over the past month and year also reflects a consistent underperformance relative to the benchmark, with declines of 4.64% and 12.63%, respectively. Despite its strong institutional holdings of 22.82%, which typically indicate confidence in the company's fundamentals, the recent price movements and declining investor participation suggest a cautious sentiment among retail investors.