Why is LTI Mindtree falling/rising?

As of 24-Sep, LTI Mindtree Ltd's stock price is currently at 5,209.35, reflecting a decrease of 49.9 points or 0.95%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 5.77% during this period. In terms of returns, the stock has shown a negative performance over the past week at -3.79% and year-to-date at -6.74%, while it has also underperformed against the sector by 0.29%. Despite this recent downturn, the company maintains strong long-term fundamentals, evidenced by a healthy average Return on Equity (ROE) of 24.46%, significant growth in net sales, and a low debt-to-equity ratio. However, the recent decline in investor participation, as indicated by a drop in delivery volume, may be contributing to the stock's downward pressure.
Broader market context shows that while LTI Mindtree has struggled in the short term, the benchmark Sensex has experienced a slight decline of 1.18% over the past week, which indicates that the broader market is also facing challenges. However, the stock's year-to-date performance is notably worse than the Sensex, which has gained 4.58% during the same period. This disparity highlights the stock's specific issues, despite its strong institutional holdings at 22.82%, which typically provide stability and confidence in the company's fundamentals. Overall, the combination of recent underperformance, declining investor interest, and the stock's inability to keep pace with the benchmark suggests a challenging environment for LTI Mindtree at this time.