Why is Wipro falling/rising?

As of 23-Sep, Wipro Ltd. is currently priced at 249.70, reflecting a decline of 0.65, or 0.26%. The stock has been on a downward trend, having fallen consecutively for the last three days, resulting in a total decrease of 2.78% during this period. Although it outperformed its sector by 0.33% today, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, Wipro has generated a return of -6.58%, despite a 20.4% increase in profits, indicating that the stock may be undervalued with a PEG ratio of 1. Additionally, the company boasts a high dividend yield of 4.39%, which may attract some investors, but the overall performance remains concerning.
In the broader market context, Wipro's short-term return of -1.65% over the past week contrasts with the Sensex, which has only declined by 0.34%. This suggests that Wipro is underperforming relative to the benchmark. Despite the company's high management efficiency, low debt-to-equity ratio, and attractive valuation metrics, the stock's recent performance indicates a lack of investor confidence, as evidenced by its significant drop in price and the consecutive losses. The rising investor participation, with a notable increase in delivery volume, may provide some support, but the overall trend remains negative.