Why is eClerx Services falling/rising?

As of 05-Aug, eClerx Services Ltd is experiencing a decline in its stock price, currently at Rs 3,969.75, which reflects a decrease of Rs 121.55 or 2.97%. Today's performance indicates that the stock has underperformed its sector by 3.2% and has seen a trend reversal after two consecutive days of gains. The stock touched an intraday low of Rs 3,959.05, marking a decline of 3.23%. Despite this drop, eClerx Services has shown strong performance over the past week, with a return of 6.69%, and has outperformed the benchmark Sensex over various periods, including a notable 64.92% return over the past year. The company benefits from high management efficiency, a low debt-to-equity ratio, and significant institutional holdings, which have increased by 0.96% in the previous quarter.
In the broader market context, while eClerx Services has shown strong returns in the long term, the recent short-term performance contrasts with the benchmark Sensex, which has declined by 0.77% over the past week. The stock's liquidity remains robust, with a delivery volume that has risen significantly, indicating rising investor participation. However, the recent price drop may reflect profit-taking after a period of gains, despite the company's solid fundamentals and consistent returns over the last three years. Overall, while the stock has a strong historical performance, the current decline suggests a temporary setback in the face of market dynamics.