Why is eClerx Services falling/rising?

As of 07-Jul, eClerx Services Ltd is experiencing a price increase, currently at 3,402.50, with a change of 15.3 (0.45%) upwards. Today's price summary indicates that the stock has outperformed its sector by 0.68% and has shown a trend reversal after five consecutive days of decline. Despite a recent drop of 2.59% over the past week and 5.41% over the past month, the stock has delivered a strong performance over the past year with a return of 36.10%. The company maintains a high management efficiency with a return on equity (ROE) of 24.05%, a low debt-to-equity ratio, and high institutional holdings at 35.26%, which have increased by 0.78% over the previous quarter. However, there has been a notable decline in investor participation, with delivery volume falling by 39.57% against the 5-day average.
In the broader market context, eClerx Services' short-term performance has lagged behind the benchmark, with a 1-week return of -2.59% compared to the Sensex's -0.20%. While the stock has shown resilience with consistent returns over the last three years, outperforming the BSE500 annually, its recent price movement reflects a recovery from a period of decline rather than a strong upward trend. The stock is currently trading at a premium compared to its peers, which may indicate a fair valuation despite the recent fluctuations. Overall, while the stock is rising today, its recent performance relative to the benchmark suggests a cautious outlook in the short term.