Why is eClerx Services falling/rising?

As of 16-Sep, eClerx Services Ltd's stock price is currently at Rs 4,372.85, reflecting an increase of Rs 7.55, or 0.17%. The stock has shown a positive trend today, gaining after two consecutive days of decline, and it outperformed its sector by 0.67%. The stock also reached an intraday high of Rs 4,478.8, marking a 2.6% increase. Over the past week, eClerx has returned 0.97%, and in the last month, it has risen by 9.48%. The company has demonstrated strong performance over the past year, with a remarkable 58.95% return, significantly outperforming the broader market. Positive factors contributing to this rise include high management efficiency indicated by a return on equity of 24.05%, a low debt-to-equity ratio, and increased institutional holdings, which have risen by 0.96% over the previous quarter.
In the broader market context, eClerx's short-term performance has lagged behind the benchmark Sensex, which has increased by 1.58% over the past week. Despite this, the stock's year-to-date return of 25.20% is substantially higher than the Sensex's 5.43%. However, there has been a notable decline in investor participation, with delivery volume dropping by 47.29% compared to the five-day average, which may indicate a potential concern for future liquidity. Overall, while the stock is currently rising, the decrease in trading volume and the comparison to benchmark returns suggest that caution may be warranted moving forward.