Why is Ace Soft. Exp. falling/rising?

As of 21-Jul, Ace Software Exports Ltd's stock price is currently at 254.60, reflecting an increase of 0.85, or 0.33%. Today's price summary indicates that the stock has outperformed its sector by 0.83% and has experienced a trend reversal, gaining after two consecutive days of decline. However, the stock's performance over the past week and month shows declines of 0.78% and 2.00%, respectively. Despite these short-term setbacks, the company has demonstrated strong financial performance, with positive results for the last six consecutive quarters, including a significant growth in profit after tax and net sales. Additionally, rising promoter confidence, as evidenced by a 4.97% increase in their stake, suggests a positive outlook for the company.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has seen minimal declines of 0.06% over the past week and 0.25% over the past month. While Ace Software Exports Ltd has outperformed the Sensex over the past year with a return of 36.55%, its year-to-date performance shows a significant decline of 19.92%, indicating that the stock is struggling in the short term compared to the overall market, which is up 5.20% year-to-date. The stock's low return on equity and high price-to-book value suggest that it may be overvalued, contributing to investor caution despite its recent gains.