Why is eClerx Services falling/rising?

As of 14-Aug, eClerx Services Ltd's stock price is currently at Rs 3,992.45, reflecting an increase of Rs 19.45 or 0.49%. The stock has shown a strong performance over the past month, with a return of +10.84%, significantly outperforming the BSE500 benchmark, which declined by -2.01% during the same period. Today's trading saw the stock reach an intraday high of Rs 4,084.45, indicating positive momentum. However, there is a noted decline in investor participation, with delivery volume dropping by -24.74% compared to the 5-day average. The company's high management efficiency, indicated by a return on equity (ROE) of 24.05%, and low debt-to-equity ratio contribute positively to its stability and attractiveness. Additionally, the increase in institutional holdings by 0.96% over the previous quarter suggests confidence from larger investors, which may bolster the stock's performance.
In the broader market context, eClerx's short-term return of -2.98% over the past week contrasts with the Sensex, which has remained relatively flat at -0.03%. Despite this recent dip, the stock has shown remarkable long-term growth, with a staggering +172.55% return over the past three years and +66.66% over the last year, far exceeding the Sensex's +1.89% return in the same timeframe. This consistent outperformance indicates that while there may be short-term fluctuations, the overall trend for eClerx Services remains positive, supported by strong fundamentals and institutional backing.