Why is Wipro falling/rising?

As of 22-Aug, Wipro Ltd. is experiencing a decline in its stock price, currently at 248.60, reflecting a decrease of 1.35 or 0.54%. The stock has been under pressure, having fallen consecutively for the last two days, resulting in a total decline of 0.92% during this period. Despite outperforming its sector by 0.47% today, Wipro's one-month performance shows a significant drop of 4.29%, while its year-to-date return is down by 17.68%. The stock is trading above its 5-day and 20-day moving averages but below its longer-term moving averages, indicating mixed short-term momentum. However, the company boasts a high dividend yield of 4.4% and has shown rising investor participation, with delivery volume increasing by 34.89% compared to the 5-day average.
In the broader market context, Wipro's recent performance contrasts with the Sensex, which has gained 0.88% over the past week and is down only 1.07% over the last month. This suggests that Wipro is lagging behind the benchmark index, particularly in the longer term, where it has underperformed with a year-to-date decline of 17.68% compared to the Sensex's gain of 4.05%. Despite the company's strong management efficiency, low debt-to-equity ratio, and attractive valuation metrics, these factors have not translated into positive stock performance recently. The overall market sentiment and Wipro's recent price movements indicate a cautious outlook among investors.