Why is eClerx Services falling/rising?

As of 11-Sep, eClerx Services Ltd is experiencing a slight increase in its stock price, currently at Rs 4,491.90, reflecting a change of 10.95 (0.24%) upward. The stock has shown strong performance recently, gaining 6.24% over the last three days and is currently trading above all its moving averages. Although it underperformed its sector by 1.12% today, it remains close to its 52-week high, just 3.27% away. The stock has demonstrated impressive returns over various periods, including a 61.36% increase over the past year and a staggering 829.52% over the last five years. The company's high management efficiency, indicated by a return on equity of 24.05%, and a low debt-to-equity ratio contribute positively to its recent performance. Additionally, high institutional holdings at 36.22%, which have increased by 0.96% over the previous quarter, suggest strong confidence from knowledgeable investors.
In the broader market context, eClerx Services has outperformed the benchmark Sensex over the past week, with a return of 1.97% compared to the Sensex's 1.03%. This trend continues over the past month and year-to-date, where the stock's returns significantly exceed those of the benchmark. The stock's liquidity, indicated by a substantial increase in delivery volume, further supports its positive movement. Overall, the combination of strong historical performance, efficient management, and rising investor participation contributes to the upward trajectory of eClerx Services' stock price.