Why is eClerx Services falling/rising?

As of 28-Aug, eClerx Services Ltd is experiencing a decline in its stock price, currently at Rs 4,244.15, which reflects a decrease of Rs 207.2 or 4.65%. Today's price summary indicates that the stock has underperformed its sector by 1.55% and has fallen after two consecutive days of gains, touching an intraday low of Rs 4,220, a drop of 5.2%. Despite this decline, the stock has shown strong performance over the past week, month, year-to-date, and year, with returns of 5.84%, 12.71%, 21.51%, and 48.43% respectively. The company benefits from high management efficiency, a low debt-to-equity ratio, and significant institutional holdings, which have increased by 0.96% over the previous quarter. These factors suggest a solid foundation, yet the recent price movement indicates a temporary setback.
Broader market context shows that while eClerx Services has outperformed the Sensex in various time frames, the sector it operates in, BPO/ITeS, has seen a decline of 2.7%. This broader sector weakness may be contributing to the stock's recent downturn. The stock's performance today contrasts with the Sensex's decline of 2.34% over the past week, highlighting that eClerx Services has managed to maintain a positive return in the short term despite the current drop. The rising investor participation, indicated by a significant increase in delivery volume, suggests that there is still interest in the stock, which may help stabilize its price in the future.