Why is Birlasoft Ltd falling/rising?

As of 20-Aug, Birlasoft Ltd is experiencing a price increase, currently at Rs 383.85, reflecting a rise of 10.25 points or 2.74%. The stock has shown a positive trend recently, gaining 4.04% over the last three days and outperforming its sector by 0.31%. Despite this short-term gain, the stock has had a challenging year, with a year-to-date decline of 31.50% and a one-year return of -37.49%. The company has a high management efficiency with a return on equity (ROE) of 16.31% and a low debt-to-equity ratio, which are positive indicators. However, the stock has also faced negative pressures, including a significant drop in profits and consecutive negative quarterly results, which may contribute to investor caution.
In the broader market context, Birlasoft's recent performance has outpaced the benchmark Sensex, which has only increased by 1.64% over the past week. The IT sector, in which Birlasoft operates, has gained 2.37%, indicating a favorable environment for technology stocks. However, the stock's long-term performance remains concerning, with a poor growth rate in net sales and underperformance compared to the BSE500 over various time frames. The decline in investor participation, as evidenced by a 49.89% drop in delivery volume, suggests that while the stock is currently rising, there are underlying issues that may affect its sustainability in the long run.