Why is Wipro falling/rising?

As of 24-Sep, Wipro Ltd. is currently priced at 244.55, reflecting a decline of 5.15 points or 2.06%. The stock has been underperforming, having lost 4.79% over the last four days and is trading below all its moving averages. Additionally, the stock's performance over the past week shows a decrease of 3.78%, while it has fallen 19.02% year-to-date. Despite a high dividend yield of 4.41% and strong management efficiency indicated by a high ROE of 16.75%, the stock's recent price movement suggests a lack of investor confidence, as evidenced by a significant drop in delivery volume by 21.19% compared to the five-day average.
In the broader market context, Wipro's short-term performance contrasts sharply with the Sensex, which has only declined by 1.18% over the past week. This underperformance is further highlighted by Wipro's year-to-date return of -19.02% compared to the Sensex's positive return of 4.58%. The stock's valuation appears attractive with a PEG ratio of 0.9 and a low debt-to-equity ratio, yet these factors have not translated into positive price movement, indicating that broader market sentiment may be weighing heavily on Wipro's stock performance.