Why is Mphasis falling/rising?

As of 07-Jul, Mphasis Ltd. is currently priced at 2,873.00, reflecting a decrease of 52.0 points or 1.78%. The stock has recently underperformed its sector by 1.14% and has experienced a trend reversal, falling after five consecutive days of gains. Despite this decline, Mphasis has shown positive performance over the past month, with a return of 12.67%, compared to a modest 1.53% gain in the Sensex. The stock is trading above its moving averages across various time frames, indicating a generally positive trend prior to this drop. However, there has been a significant decrease in investor participation, with delivery volume falling by 65.9% against the five-day average, which may contribute to the current price decline. The company maintains a high management efficiency with a return on equity of 19.05%, a low debt-to-equity ratio, and has reported positive results for the last three consecutive quarters, which could support its long-term stability despite the recent price drop.
In the broader market context, Mphasis's short-term return of 0.78% over the past week contrasts with a slight decline of 0.20% in the Sensex, indicating that the stock has been performing relatively better than the benchmark in the short term. However, the recent price drop suggests that market sentiment may be shifting, possibly influenced by the reduced trading volume and the stock's recent trend reversal. While the company has strong fundamentals and high institutional holdings at 55.52%, which typically indicate confidence from more knowledgeable investors, the current market dynamics and falling investor participation may be causing some caution among retail investors, leading to the observed decline in stock price.