Why is Wipro falling/rising?

As of 04-Sep, Wipro Ltd. is experiencing a decline in its stock price, currently at Rs 244.95, which reflects a decrease of Rs 4.65 or 1.86%. The stock has underperformed its sector by 1.06% today and has been on a downward trend for the past two days, with a total decline of 2.35% during this period. Additionally, Wipro is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock has also seen a significant drop in investor participation, with delivery volume falling by 62.31% compared to the 5-day average. Despite a high dividend yield of 4.41% and a strong return on equity (ROE) of 16.75%, the company has shown poor long-term growth, with operating profit growth at only 7.62% over the last five years and flat results in the most recent quarter.
In the broader market context, Wipro's short-term performance has been notably weaker than the benchmark, with a 1-week return of -2.22% compared to the Sensex's gain of 0.80%. Over the past year, Wipro has generated a return of -5.63%, while the Sensex has increased by 3.30%. This consistent underperformance against the benchmark, coupled with flat quarterly results and a decline in operating profit margins, has contributed to a negative sentiment surrounding the stock. The combination of these factors indicates that Wipro is struggling to attract investor confidence, leading to its current price decline.