Why is NIIT Learning falling/rising?

As of 26-Aug, NIIT Learning Systems Ltd is experiencing a decline in its stock price, currently at Rs 325.60, which reflects a decrease of Rs 4.9 or 1.48%. The stock has underperformed its sector by 0.36% today and has touched an intraday low of Rs 322.95. Over the past week, the stock has decreased by 1.45%, and its performance over the last month shows a decline of 2.19%. Notably, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 43.19% compared to the 5-day average. Despite a high management efficiency indicated by a return on equity (ROE) of 20.84% and a low debt-to-equity ratio, the stock's year-to-date performance is down by 27.40%, and it has generated a return of -33.44% over the past year.
In the broader market context, the Sensex has decreased by 1.05% over the past week and 0.83% over the past month, indicating that while NIIT Learning is underperforming, the overall market is also facing challenges. The stock's significant decline contrasts with the Sensex's year-to-date gain of 3.39%, highlighting a divergence in performance. The high institutional holdings at 39.65% suggest that informed investors are backing the company, yet the stock's current valuation, despite being fair compared to peers, has not translated into positive price movement. The stock's negative returns and falling investor participation may be contributing to a lack of confidence among retail investors, further exacerbating its price decline.