Why is eClerx Services falling/rising?

As of 10-Jul, eClerx Services Ltd is experiencing a price increase, currently at 3,410.00, reflecting a rise of 42.0 points or 1.25%. The stock has shown a positive performance today, outperforming its sector by 1.66% and has been gaining for the last two days. Over the past week, however, the stock has slightly declined by 0.29%, and it has also seen a more significant drop of 8.28% over the past month. Despite these short-term fluctuations, the stock has generated a substantial return of 35.26% over the past year and an impressive 150.27% over the last three years. The company boasts high management efficiency with a return on equity (ROE) of 24.05% and a low debt-to-equity ratio, contributing to its fair valuation. Additionally, high institutional holdings at 35.26% indicate strong investor confidence, as these investors typically have better analytical capabilities.
In the broader market context, the Sensex has shown a minor decline of 0.06% over the past week and a gain of 0.97% over the past month, while eClerx Services has underperformed the benchmark in the short term. However, the stock's year-to-date performance is down by 2.37%, contrasting with the Sensex's gain of 6.46%. This indicates that while the stock is currently rising, it has faced challenges compared to the overall market trends. The liquidity of the stock remains adequate, with a delivery volume increase of 2.35% against the five-day average, suggesting that investor interest is growing, which may support its upward price movement.