Why is Wipro falling/rising?

As of 05-Sep, Wipro Ltd. is experiencing a decline in its stock price, currently at 243.80, which reflects a decrease of 1.15 or 0.47%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 2.81% during this period. Additionally, Wipro's performance over the past week shows a decrease of 2.19%, while its year-to-date return is significantly negative at -19.27%. Despite a high dividend yield of 4.49% and a reasonable valuation compared to peers, the stock's recent movement is negatively impacted by a consistent underperformance against benchmarks, with a return of -7.11% over the past year and a low operating profit growth rate of 7.62% over the last five years.
In the broader market context, Wipro's recent performance contrasts sharply with the Sensex, which has gained 1.13% over the past week and shows a positive year-to-date return of 3.29%. This disparity highlights Wipro's struggles in attracting investor interest, as evidenced by a 7.4% decline in delivery volume against the five-day average. The stock's trading below all key moving averages further indicates a bearish trend, contributing to a lack of confidence among investors. Overall, Wipro's challenges in growth and profitability, coupled with its underperformance relative to the market, are key factors driving its stock price decline.