Why is Firstsour.Solu. falling/rising?

As of 27-Oct, Firstsource Solutions Ltd is experiencing a price increase, with its current price at Rs 352.75, reflecting a rise of Rs 26.05 or 7.97%. The stock has outperformed its sector by 1.63% today and has shown a consecutive gain over the last two days, accumulating a total return of 9.91% during this period. The stock reached an intraday high of Rs 356, and its performance over the past week has been strong, with a 10.77% increase compared to the Sensex's modest rise of 0.49%. Additionally, the company has demonstrated healthy long-term growth, with an operating profit growth rate of 16.29% and significant positive financial results reported in June, including record net sales and operating cash flow.
In the broader market context, while the stock has underperformed year-to-date with a decline of 6.22% compared to the Sensex's gain of 8.50%, it has consistently generated returns over the past three years, outperforming the BSE500. The stock's liquidity is adequate, with a notable increase in delivery volume, indicating rising investor participation. Furthermore, the company benefits from a low debt-to-equity ratio and high institutional holdings, which suggest confidence in its fundamentals. Overall, the combination of strong recent performance, positive financial indicators, and favorable market conditions has contributed to the stock's upward movement.