Why is Coforge falling/rising?

As of 19-Nov, Coforge Ltd's stock price is currently at 1,857.80, reflecting an increase of 75.3 points or 4.22%. Today's performance indicates that the stock has outperformed its sector by 1.49%, reaching an intraday high of Rs 1866, which is a 4.68% rise. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. Over the past week, Coforge has gained 1.61%, and in the last month, it has risen by 7.10%. The company has demonstrated strong long-term fundamental strength, with a 23.95% CAGR growth in operating profits and consistent positive results over the last five quarters, which likely contributes to the recent price increase.
In the broader market context, Coforge's short-term performance of +1.61% over the past week significantly outpaces the Sensex, which has only increased by 0.85% in the same period. The IT - Software sector has also seen a gain of 2.73%, indicating a favorable environment for the stock. However, there are concerns regarding falling investor participation, as delivery volume has decreased by 46.42% compared to the 5-day average. Despite this, high institutional holdings at 88.97% suggest confidence from larger investors, which may help sustain the stock's upward momentum.