Why is Coforge falling/rising?

As of 14-Jul, Coforge Ltd's stock price is currently at 1,874.25, reflecting an increase of 10.25 or 0.55%. Today's price summary indicates that the stock has outperformed its sector by 1.58% and has experienced a trend reversal, gaining after three consecutive days of decline. Despite a 3.48% drop over the past week, the stock has shown a positive performance of 4.55% over the last month and an impressive 57.50% increase over the past year. The company has demonstrated strong long-term fundamentals, including a healthy return on equity of 20.35% and significant growth in net sales, which has contributed to its recent price movement. However, it is important to note that the stock is considered expensive with a high price-to-book value and has seen only a modest profit increase of 1.2% over the past year.
In the broader market context, Coforge's short-term performance has been relatively strong compared to the benchmark, as it has outperformed the Sensex by 1.58% today, despite the benchmark's decline of 1.42% over the past week. The stock's liquidity is also favorable, with a significant increase in delivery volume, indicating rising investor participation. High institutional holdings at 90.15% suggest confidence from more knowledgeable investors, further supporting the stock's upward movement. Overall, while there are concerns regarding its valuation and profit growth, the strong fundamentals and recent positive performance have contributed to the stock's rise.