Why is eClerx Services falling/rising?

As of 24-Sep, eClerx Services Ltd is experiencing a decline in its stock price, currently at Rs 4,095.95, which reflects a decrease of Rs 146.55 or 3.45%. The stock has been underperforming, having fallen for the last four consecutive days, resulting in a total decline of 7.26% during this period. Today's trading saw the stock touch an intraday low of Rs 4,051, and it has underperformed its sector by 1.62%. Despite a strong performance over the past year with a return of 50.93% and a year-to-date increase of 17.27%, the recent trend indicates a significant downturn, compounded by a drop in investor participation, as evidenced by a 49.06% decrease in delivery volume compared to the five-day average.
In the broader market context, eClerx's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 1.18% over the past week. The BPO/ITeS sector, to which eClerx belongs, has also seen a decline of 2.12%. While the company boasts strong fundamentals, including high management efficiency and low debt levels, the recent price drop may be attributed to broader sector weaknesses and reduced investor engagement. Despite these challenges, eClerx maintains a solid institutional holding of 36.22%, suggesting that larger investors still have confidence in the company's long-term prospects.