Why is Ace Soft. Exp. falling/rising?

As of 20-Jun, Ace Software Exports Ltd is experiencing a rise in its stock price, currently at 259.80, reflecting an increase of 15.15 or 6.19%. The stock has shown strong performance today, outperforming its sector by 5.53% and achieving a consecutive gain over the last two days with a total return of 9.5%. It reached an intraday high of Rs 260.9. The stock has also demonstrated impressive returns over various periods, including an 83.01% increase over the past year, significantly outpacing the broader market's return of 6.36%. Positive factors contributing to this upward movement include a low debt-to-equity ratio, consistent positive results over the last six quarters, and increased promoter confidence, with promoters raising their stake by 4.97%.
In the broader market context, Ace Software Exports Ltd has outperformed the benchmark index, Sensex, with a 1-week return of 8.34% compared to the Sensex's 1.59%. This trend of outperformance is evident in the stock's 1-month return of 14.63% against the Sensex's 1.50%. Despite the stock's strong recent performance, it has a low return on equity of 4.58%, indicating potential concerns regarding management efficiency and profitability. Additionally, the stock's high valuation relative to its peers may pose risks, as it trades at a premium with a price-to-book value of 3.7.