Why is Coforge falling/rising?

As of 04-Jul, Coforge Ltd's stock price is currently at 1,942.75, reflecting an increase of 7.75 or 0.4%. The stock has shown a positive trend, gaining 6.1% over the last nine days, and is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite this upward movement, it has underperformed its sector by 0.31% today, and there has been a notable decline in investor participation, with delivery volume dropping by 52.99% compared to the 5-day average. The stock has also approached its 52-week high, being only 3.13% away from Rs 2003.59. The company has demonstrated strong long-term fundamentals, with an average Return on Equity (ROE) of 20.35% and consistent net sales growth of 23.73% annually, which supports its positive price movement.
In the broader market context, Coforge's short-term performance of +1.82% over the past week contrasts with the Sensex, which has declined by 0.74%. This indicates that Coforge is outperforming the broader market in the short term. Additionally, the stock has generated a remarkable 64.67% return over the past year, significantly surpassing the Sensex's 4.23% increase during the same period. However, it is important to note that the stock is considered expensive, with a high Price to Book Value ratio and a relatively modest profit increase of 1.2% over the past year, which could pose risks for future performance.