Why is LTI Mindtree falling/rising?

As of 03-September, LTI Mindtree Ltd's stock price is currently at Rs 5,212.05, reflecting a decrease of Rs 39.5 or 0.75%. The stock has experienced a trend reversal, falling after three consecutive days of gains, and touched an intraday low of Rs 5,137, which is a decline of 2.18%. Despite this recent drop, the stock has shown positive performance over the past week and month, with returns of 1.20% and 3.88% respectively. The company maintains strong long-term fundamentals, evidenced by an average Return on Equity (ROE) of 24.46%, healthy growth in net sales and operating profit, and a low debt-to-equity ratio. Additionally, high institutional holdings at 22.82% suggest confidence from knowledgeable investors, which may support the stock in the long run.
In the broader market context, LTI Mindtree's short-term performance has outpaced the benchmark Sensex over the past week, which has declined by 0.27%, while the stock has gained 1.20%. However, year-to-date, LTI Mindtree has underperformed the Sensex, with a decline of 6.69% compared to the benchmark's increase of 3.11%. The stock's liquidity remains adequate for trading, with a delivery volume that has increased significantly, indicating rising investor participation. Despite the recent price drop, the overall positive fundamentals and investor interest may provide a stabilizing effect for the stock moving forward.