Why is Data Pattern falling/rising?

As of 22-Jul, Data Patterns (India) Ltd is experiencing a price increase, currently at Rs 2,810.00, reflecting a rise of 82.2 points or 3.01%. Today's performance indicates a trend reversal as the stock has gained after two consecutive days of decline. It outperformed its sector by 3.23% and reached an intraday high of Rs 2,814. The stock's performance over the past week shows a decline of 2.43%, and over the past month, it has decreased by 4.91%. However, it has shown strong year-to-date growth of 13.79% and an impressive 274.49% increase over the last three years. The company benefits from a low debt-to-equity ratio and healthy long-term growth, with net sales growing at an annual rate of 31.60%. Despite a high valuation indicated by a Price to Book Value of 10.4, the stock's recent positive momentum can be attributed to rising investor participation, as evidenced by a significant increase in delivery volume.
In the broader market context, Data Patterns has underperformed the benchmark Sensex over the past year, which has generated a return of 2.09%, while the stock itself has declined by 12.19%. However, the stock's recent performance today contrasts with its short-term returns, as it has managed to rise despite a negative trend in the previous weeks. The stock's liquidity is adequate for trading, and the high institutional holdings suggest that informed investors are backing the company, which may contribute to its recent price increase. Overall, while the stock has faced challenges in the past year, the current upward movement reflects a combination of positive company fundamentals and increased investor interest.