Why is Wipro falling/rising?

As of 09-Sep, Wipro Ltd. has seen its stock price rise to 249.10, reflecting an increase of 6.55 or 2.7%. Today's performance indicates a positive trend as the stock has outperformed its sector by 0.53% and has gained after four consecutive days of decline. The stock reached an intraday high of Rs 249.85, and its delivery volume has significantly increased by 77.75% compared to the five-day average, suggesting rising investor participation. Despite a year-to-date decline of 17.52%, the company has shown a profit increase of 20.4% over the past year, contributing to its attractive valuation with a high dividend yield of 4.4%. However, the stock has consistently underperformed against benchmarks over the last three years, which may temper investor enthusiasm.
In the broader market context, Wipro's recent short-term return of +3.99% over the past month contrasts with the Sensex's gain of +1.56%, indicating a stronger performance relative to the benchmark in this timeframe. However, the stock's year-to-date performance remains concerning, as it has lagged significantly behind the Sensex, which has risen by 3.79%. This underperformance, coupled with flat quarterly results and a low operating profit margin, highlights ongoing challenges for Wipro despite its recent price increase. The overall market for IT software has gained by 2.18%, which may provide some support for Wipro's stock movement.