Why is eClerx Services falling/rising?

As of 08-Jul, eClerx Services Ltd is currently priced at 3,367.80, reflecting a decrease of 34.7 points or 1.02%. The stock's performance today is inline with its sector, although it has shown a decline of 2.66% over the past week and 6.37% over the past month. Despite this recent downturn, the stock has demonstrated strong long-term performance, with a 34.31% increase over the past year and an impressive 147.18% rise over the last three years. The stock is currently trading above its 50-day, 100-day, and 200-day moving averages, but below its 5-day and 20-day moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 19.36% against the 5-day average, indicating a level of interest despite the price drop.
In the broader market context, the Sensex has remained relatively stable, with a slight increase of 0.02% over the past week and a 1.85% rise over the past month, contrasting with eClerx's recent declines. The company's high management efficiency, indicated by a return on equity (ROE) of 24.05%, and a low debt-to-equity ratio suggest a solid financial foundation. However, the stock is trading at a premium compared to its peers, and while institutional holdings have increased, the stock's profit growth of only 5.5% over the past year may be contributing to investor caution. Overall, while eClerx has shown strong historical returns and consistent performance, recent price movements reflect a combination of sector alignment and potential concerns regarding valuation and profit growth.