Why is eClerx Services falling/rising?

As of 12-Aug, eClerx Services Ltd is experiencing a price increase, currently at Rs 4,100.00, which reflects a rise of 27.15 or 0.67%. The stock has shown strong performance, gaining 3.28% over the past week and 17.76% over the past month, significantly outperforming the Sensex, which has declined by 0.59% and 2.75% respectively. Today's performance indicates a rebound after two consecutive days of decline, with the stock trading above all key moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 2.88% against the five-day average. The company boasts high management efficiency, a low debt-to-equity ratio, and strong institutional holdings, which have increased by 0.96% over the previous quarter, contributing positively to investor sentiment.
In the broader market context, eClerx Services has outperformed the benchmark index over various periods, including a remarkable 60.54% return over the past year compared to the Sensex's 0.74%. This strong performance is further highlighted by its substantial returns over three and five years, showcasing consistent growth relative to the market. The stock's liquidity is also favorable, allowing for significant trading activity. Overall, the combination of solid financial metrics, positive investor sentiment, and a strong track record of returns has contributed to the upward movement in eClerx Services' stock price.