Why is Wipro falling/rising?

As of 08-Aug, Wipro Ltd. is experiencing a decline in its stock price, currently at 239.55, reflecting a decrease of 2.9 points or 1.2%. The stock has underperformed its sector by 0.4% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, Wipro has seen a return of -1.34%, which is worse than the Sensex's decline of -0.92%. Additionally, the delivery volume has fallen by 16.29% against the 5-day average, indicating a decrease in investor participation. Despite a high dividend yield of 4.53% and a strong return on equity (ROE) of 16.75%, the stock's long-term growth prospects appear poor, with operating profit growth at just 7.62% over the last five years and disappointing quarterly results.
In the broader market context, Wipro's year-to-date performance shows a significant decline of 20.68%, contrasting sharply with the Sensex's gain of 2.20%. This stark difference highlights the stock's struggles relative to the overall market. While Wipro's valuation appears attractive with a PEG ratio of 0.9 and a fair price-to-book value compared to peers, the flat results reported in June and the lowest operating profit to net sales ratio indicate underlying challenges that may be contributing to the stock's downward trend. Overall, the combination of poor short-term returns, declining investor interest, and lackluster growth prospects are likely driving Wipro's stock price lower.