Why is LTI Mindtree falling/rising?

As of 01-Aug, LTI Mindtree Ltd is experiencing a decline in its stock price, currently at Rs 5,015.00, which reflects a decrease of Rs 99.0 or 1.94%. The stock has underperformed its sector by 0.34% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 2.34%. Over the past week, the stock has decreased by 1.69%, and it has also shown a significant decline of 10.21% year-to-date, contrasting with the Sensex, which has gained 3.15% in the same period. Despite strong long-term fundamentals, including a robust average Return on Equity (ROE) of 24.46% and healthy growth in net sales and operating profit, the stock's recent performance has been negatively impacted by falling investor participation, as evidenced by a 2.78% drop in delivery volume against the five-day average.
Broader market context indicates that LTI Mindtree's short-term performance has lagged behind the benchmark, with a 1-week return of -1.69% compared to the Sensex's -1.06%. This underperformance may reflect broader market sentiments affecting investor confidence. Although the company has high institutional holdings at 22.82%, which typically suggests a strong analytical backing, the recent price movements indicate that market conditions and investor behavior are currently unfavorable for the stock. The stock's liquidity remains adequate for trading, but the overall trend suggests caution among investors in the short term.