Why is C.E. Info System falling/rising?

As of 23-Sep, C.E. Info Systems Ltd is currently priced at 1,635.10, reflecting a slight increase of 1.15 (0.07%). The stock has shown a trend reversal by gaining after two consecutive days of decline, outperforming its sector by 0.66%. However, it has been trading lower than its moving averages across various time frames, indicating a bearish trend. The stock has experienced a significant drop in delivery volume, falling by 53.35% against the 5-day average, which suggests declining investor participation. Despite a high return on equity of 19.57% and positive financial results, including a 27.24% growth in net sales over the last six months, the stock has underperformed in the long term, with a 21.99% decline over the past year.
In the broader market context, the stock's short-term performance has been relatively stable, with a 1-week return of -0.31%, slightly better than the Sensex's -0.34%. However, the stock has struggled in the longer term, underperforming the benchmark indices over the past year and three years. While institutional investors have increased their stake, indicating confidence in the company's fundamentals, the stock's high valuation and poor historical returns may deter retail investors. Overall, the combination of declining participation, bearish moving averages, and long-term underperformance contributes to the stock's recent price movements.