Why is LTI Mindtree falling/rising?

As of 08-Aug, LTI Mindtree Ltd is experiencing a decline in its stock price, currently at 5,004.00, which represents a decrease of 43.0 points or 0.85%. Today's price summary indicates that the stock's performance is in line with the sector, although it is trading higher than the 100-day moving average but lower than the 5-day, 20-day, 50-day, and 200-day moving averages. The stock has shown a negative return of 0.26% over the past week and a more significant decline of 6.67% over the past month. Despite these short-term challenges, the company has strong long-term fundamentals, including a healthy average return on equity of 24.46%, robust growth in net sales, and a low debt-to-equity ratio, which may provide some support for the stock's value.
In the broader market context, LTI Mindtree's recent performance has been better than the benchmark Sensex over the past week, where the Sensex has declined by 0.92%. However, the stock has underperformed the benchmark over the past month and year-to-date, with declines of 6.67% and 10.41%, respectively, compared to the Sensex's losses of 4.60% and gains of 2.20%. The high institutional holdings at 22.82% suggest that knowledgeable investors are backing the company, which could provide some stability. Nevertheless, the overall market sentiment and the stock's recent performance indicate a cautious outlook, contributing to its current decline.