Why is Sigma Solve falling/rising?

As of 28-Aug, Sigma Solve Ltd's stock price is currently at Rs 408.60, reflecting a decrease of Rs 6.35 or 1.53%. The stock has been experiencing a downward trend, having fallen for the last two consecutive days, with a total decline of 2.25% during this period. Today, it opened with a loss of 3.34% and reached an intraday low of Rs 400, which is 3.6% lower than its previous close. Despite this decline, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past month, Sigma Solve has shown a positive return of 6.42%, while its year-to-date performance is notably strong at 26.36%. However, the stock's delivery volume has significantly decreased, indicating falling investor participation, which may contribute to the recent price drop.
In the broader market context, Sigma Solve's short-term performance is better than the benchmark Sensex, which has declined by 2.34% over the past week. This relative strength may suggest that the stock has some resilience despite its recent losses. The company benefits from high management efficiency, as indicated by a return on equity (ROE) of 46.01%, and a low debt-to-equity ratio, which are positive factors for potential investors. However, concerns about poor long-term growth, with operating profit growth at only 2.60% annually over the last five years, and flat results reported in June, may be weighing on investor sentiment. Overall, while the stock has strong fundamentals, the recent price movement reflects a combination of short-term selling pressure and declining investor interest.