Why is eClerx Services falling/rising?

As of 17-Sep, eClerx Services Ltd is experiencing a price increase, with its current price at 4,409.10, reflecting a rise of 36.25 or 0.83%. The stock has shown a positive performance today, gaining for the last two consecutive days and achieving a 1% return in this period. Despite a recent decline in delivery volume by 44.62% against the 5-day average, the stock remains liquid enough for trades of Rs 1.02 crore. Over the past year, eClerx has delivered impressive returns of 62.41%, significantly outperforming the BSE500 index. The company benefits from high management efficiency, a low debt-to-equity ratio, and increased institutional holdings, which have risen by 0.96% over the previous quarter, indicating strong confidence from knowledgeable investors.
Broader Market Context: In the short term, eClerx's performance has been somewhat mixed, as it has declined by 1.60% over the past week while the Sensex has increased by 1.56%. However, when looking at longer time frames, eClerx has outperformed the benchmark significantly, with a year-to-date return of 26.23% compared to the Sensex's 5.83%. This strong performance over the longer term, combined with consistent returns over the last three years, suggests that while there may be short-term fluctuations, the overall market sentiment towards eClerx remains positive.