Why is eClerx Services falling/rising?

As of 18-Aug, eClerx Services Ltd's stock price is currently at Rs 3,916.40, reflecting a decrease of Rs 76.05 or 1.9%. Today, the stock opened with a gain of 5.17% and reached an intraday high of Rs 4,198.95, which is also a new 52-week and all-time high. However, it faced significant volatility, touching a low of Rs 3,871.55 during the day. The stock has underperformed its sector by 1.34% today, and the delivery volume has decreased by 30.34% compared to the 5-day average, indicating falling investor participation. Despite these challenges, the company boasts a high return on equity of 24.05%, a low debt-to-equity ratio, and strong institutional holdings, which have increased by 0.96% over the previous quarter. These factors contribute to a generally positive outlook, although the recent price decline suggests some short-term pressures.
In the broader market context, eClerx Services has underperformed the benchmark Sensex over the past week, with a return of -3.84% compared to the Sensex's gain of 0.83%. However, the stock has shown resilience over longer periods, with a year-to-date return of 12.13% against the Sensex's 4.01% and a remarkable 56.99% return over the past year. This indicates that while the stock is experiencing short-term fluctuations, its long-term performance remains strong relative to the market. The combination of high management efficiency, consistent returns, and significant institutional backing suggests that the stock may stabilize and recover from its current decline, although immediate market reactions are affecting its price.