Why is LTI Mindtree falling/rising?

As of 28-Aug, LTI Mindtree Ltd's stock price is currently at 5,125.00, reflecting a decrease of 25.0 points or 0.49%. The stock has been experiencing a downward trend, having fallen consecutively for the last two days, resulting in a total decline of 3.28%. Despite this recent downturn, the stock has outperformed its sector by 1.25% today. Over the past week, LTI Mindtree has seen a return of -2.02%, which is slightly better than the benchmark Sensex's decline of -2.34%. The company maintains strong long-term fundamentals, with a robust average Return on Equity (ROE) of 24.46% and significant growth in net sales and operating profit. Additionally, high institutional holdings at 22.82% suggest confidence from more knowledgeable investors, which may support the stock's long-term stability.
In the broader market context, LTI Mindtree's year-to-date performance shows a decline of 8.25%, contrasting with the Sensex's increase of 2.48%. This underperformance may contribute to the stock's recent price drop, as investors often react to relative performance against benchmarks. However, the stock's liquidity remains healthy, with a delivery volume increase of 81.28% compared to the 5-day average, indicating rising investor participation. While the stock is currently facing short-term challenges, its long-term growth potential and strong fundamentals may provide a cushion against further declines, making it a candidate for holding rather than selling.