Why is Coforge falling/rising?

As of 12-Aug, Coforge Ltd is experiencing a price increase, currently at 1,624.60, with a change of 9.15 (0.57%) upward. The stock has shown a positive performance today, outperforming its sector by 0.29% and achieving a consecutive gain over the last two days, with a total return of 1.14%. Despite this recent uptick, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a longer-term downward trend. Additionally, the stock has faced a decline in investor participation, with delivery volume falling by 18.3% against the 5-day average. However, the company boasts strong long-term fundamentals, including a healthy average return on equity of 20.41% and significant growth in net sales, which has contributed to its ability to generate a 38.26% return over the past year, despite the overall market's negative performance.
In the broader market context, Coforge's short-term performance contrasts with the benchmark, as it has declined by 4.79% over the past week while the Sensex has only decreased by 0.59%. This disparity highlights the stock's volatility in the short term compared to the broader market. The high institutional holdings at 89.75% suggest confidence from larger investors, which may provide some stability. However, the stock's valuation appears expensive, with a price-to-book value of 8.5, and a PEG ratio of 2.4 indicates that while the stock has performed well, it may be overvalued relative to its earnings growth.