Why is Ace Soft. Exp. falling/rising?

As of 16-Jul, Ace Software Exports Ltd's stock price is currently at 256.45, reflecting an increase of 2.7, or 1.06%. The stock has shown a positive trend today, gaining after two consecutive days of decline. It has outperformed its sector by 0.59% and has a significant rise in delivery volume, increasing by 162.02% against the 5-day average. Over the past year, the stock has generated a return of 43.09%, which is substantially higher than the market's return of 0.47%. Additionally, the company has demonstrated strong financial performance, with net sales growing at 53.2% and a notable increase in promoter confidence as they have raised their stake by 4.97%.
In the broader market context, the stock's performance over the past week shows a slight increase of 0.18%, while the benchmark Sensex has decreased by 1.08%. This indicates that Ace Software Exports Ltd is performing better than the overall market in the short term. However, it is important to note that the company has a low return on equity of 4.58%, which raises concerns about management efficiency and profitability. Despite its recent positive price movement, the stock is considered expensive with a price-to-book value of 3.7, suggesting that while the stock has shown resilience and growth, there are underlying concerns that could affect its long-term valuation.