Why is Mphasis falling/rising?

As of 16-Jul, Mphasis Ltd. is experiencing a decline in its stock price, currently at 2,861.65, reflecting a decrease of 20.35 points or 0.71%. The stock has underperformed its sector today by 1.18% and has fallen after two consecutive days of gains. Despite this recent downturn, Mphasis has shown positive performance over the past month with a return of 6.06%, while the benchmark Sensex has only increased by 1.02%. The stock is trading above its moving averages across various time frames, indicating a generally positive trend, but a significant drop in delivery volume by 25.06% against the five-day average suggests a decrease in investor participation.
In the broader market context, Mphasis's short-term performance contrasts with the Sensex, which has seen a decline of 1.08% over the past week. The company has demonstrated strong fundamentals, including high management efficiency with a return on equity of 19.05% and a low debt-to-equity ratio. Furthermore, Mphasis has reported positive results for the last three consecutive quarters, which may support its long-term outlook despite the current price drop. High institutional holdings at 55.52% indicate confidence from larger investors, who typically have more resources to analyze the company's fundamentals, potentially stabilizing the stock in the face of recent volatility.