Why is Wipro falling/rising?

As of 05-Aug, Wipro Ltd. is experiencing a slight decline in its stock price, currently at 245.90, reflecting a decrease of 0.15 or 0.06%. The stock has underperformed in the short term, with a 1-week return of -2.36% and a 1-month return of -8.94%, contrasting with the Sensex, which has seen a decline of only 0.77% and 3.26% respectively during the same periods. Additionally, Wipro is trading below its moving averages across various time frames, indicating a bearish trend. Despite a high dividend yield of 4.47%, the stock has seen a significant drop in investor participation, with delivery volume falling by 48.91% against the 5-day average. Although the company has a high management efficiency with a return on equity (ROE) of 16.75% and a low debt-to-equity ratio, these positive factors have not been sufficient to counteract the recent price decline.
In the broader market context, Wipro's performance has been notably weaker compared to the benchmark Sensex, particularly in the year-to-date returns where Wipro has declined by 18.58% while the Sensex has gained 3.29%. This stark contrast highlights the challenges Wipro faces in attracting investor confidence despite its attractive valuation metrics and profitability growth. The stock's recent performance suggests that while it has solid fundamentals, including a fair valuation and a high dividend yield, these factors have not translated into positive price movement in the current market environment.