Why is eClerx Services falling/rising?

As of 09-Jul, eClerx Services Ltd is currently priced at 3,368.00, reflecting a slight increase of 0.2 (0.01%). The stock's performance today is in line with the sector, although it has shown a decline of 1.99% over the past week and 7.47% over the past month. Despite this recent downturn, the stock has performed well over the past year, generating a return of 34.45%. The stock is 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 decrease in investor participation, with delivery volume falling by 9% against the 5-day average. The company boasts high management efficiency with a return on equity (ROE) of 24.05% and a low debt-to-equity ratio, indicating a solid financial position. However, the stock is trading at a premium compared to its peers, and while it has shown consistent returns over the last three years, its profits have only risen by 5.5%, leading to a high PEG ratio of 5.5.
In the broader market context, the Sensex has increased by 0.15% over the past week, contrasting with eClerx's decline of 1.99%. This indicates that while the overall market is experiencing slight gains, eClerx is underperforming relative to the benchmark. The stock's high institutional holdings at 35.26% suggest that knowledgeable investors are maintaining their positions, which may provide some stability. However, the recent drop in delivery volume and the stock's premium valuation compared to historical averages may be contributing to investor caution. Overall, while eClerx has shown strong long-term performance, recent short-term trends and market conditions may be influencing its current price movement.