Why is CMS Info Systems falling/rising?

As of 01-Jul, CMS Info Systems Ltd is experiencing a price increase, with its current price at Rs 511.50, reflecting a rise of Rs 11.6 or 2.32%. The stock has shown strong performance recently, gaining 6.01% over the past week and outperforming its sector by 2.82% today. It has been on a consecutive gain streak for the last five days, reaching an intraday high of Rs 519.8. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The company boasts a high return on equity (ROE) of 17.76% and a low debt-to-equity ratio, contributing to its attractive valuation. High institutional holdings at 64.24% suggest confidence from more knowledgeable investors, further supporting the stock's upward movement.
In the broader market context, CMS Info Systems has outperformed the Sensex, which has only increased by 2.00% over the past week, while the stock has risen 6.01%. Although the stock's year-to-date return of 4.19% lags behind the Sensex's 7.11%, its three-year return of 122.54% significantly outpaces the benchmark's 58.19%. This indicates that while the stock has had a slower start this year compared to the index, its long-term performance remains strong. The recent decline in delivery volume by 8.56% against the 5-day average may suggest a slight decrease in investor participation, but the overall positive indicators and institutional backing continue to drive the stock's price higher.