Why is Wipro falling/rising?

As of 14-Aug, Wipro Ltd. has seen its stock price rise to 246.75, reflecting an increase of 5.1 or 2.11%. Today's price summary indicates that the stock outperformed its sector by 1.89% and reached an intraday high of Rs 248.3, marking a 2.75% increase. However, despite this positive movement, the stock has shown a decline of 2.91% over the past month and an 18.29% drop year-to-date. The company benefits from a high dividend yield of 4.55% and strong management efficiency, evidenced by a return on equity (ROE) of 16.75% and a low debt-to-equity ratio. Although the stock is trading at a fair value compared to its peers, the recent drop in delivery volume by 16.02% against the 5-day average suggests a decrease in investor participation.
In the broader market context, Wipro's short-term performance over the past week shows a gain of 1.77%, while the benchmark Sensex has remained relatively flat with a change of -0.03%. This indicates that Wipro is currently outperforming the broader market in the short term. However, the stock's year-to-date performance is significantly lagging behind the Sensex, which has gained 3.15%. This contrast highlights the challenges Wipro faces in regaining investor confidence despite its recent price increase and solid fundamentals.