Why is Wipro falling/rising?

As of 12-Aug, Wipro Ltd. is currently priced at 241.70, showing no change (0.00%) from the previous trading session. The stock has underperformed its sector by 0.28% 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 declined by 1.71%, and its performance over the past month shows a decrease of 6.34%. Despite a year-to-date drop of 19.97%, the company has reported a profit increase of 20.4%, which is notable given the stock's return of -1.14% over the past year. The stock's high dividend yield of 4.55% and efficient management, indicated by a high ROE of 16.75%, suggest some underlying strength, but the significant drop in delivery volume by 64.58% against the 5-day average indicates waning investor interest.
In the broader market context, Wipro's recent performance contrasts with the Sensex, which has only declined by 0.59% over the past week and has gained 2.68% year-to-date. This underperformance relative to the benchmark highlights the challenges Wipro is facing in attracting investor confidence. The stock's liquidity remains adequate for trading, but the overall sentiment appears cautious, as reflected in the declining participation and the stock's inability to maintain momentum against both its historical performance and that of the broader market.