Why is Mphasis falling/rising?

As of 17-Jul, Mphasis Ltd. is experiencing a decline in its stock price, currently at 2,833.00, reflecting a decrease of 28.65 points or 1.0%. The stock has been on a downward trend, having lost 1.7% over the last two days, and its performance today is in line with the sector. Despite a positive return of 5.50% over the past month, the year-to-date return is slightly negative at -0.65%. The stock is currently trading above its 20-day, 50-day, 100-day, and 200-day moving averages but below its 5-day moving average. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 27.96% compared to the 5-day average.
In the broader market context, Mphasis's short-term performance has underperformed the Sensex, which has declined by only 1.12% over the past week. While the company has demonstrated strong management efficiency with a high return on equity of 19.05% and has maintained a low debt-to-equity ratio, these positive factors have not been sufficient to counteract the recent stock price decline. The company has also reported positive results for the last three consecutive quarters, which typically supports stock performance; however, the high institutional holdings at 55.52% suggest that larger investors may be cautious in the current market environment, contributing to the stock's recent struggles.