Why is Firstsour.Solu. falling/rising?

As of 19-Nov, Firstsource Solutions Ltd is experiencing a price increase, currently at Rs 367.15, reflecting a rise of Rs 8.8 or 2.46%. Today's price summary indicates that the stock outperformed its sector by 1.28%, reaching an intraday high of Rs 371.8, which is a 3.75% increase. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend. Despite a decline in delivery volume by 24.62% compared to the 5-day average, the company has demonstrated strong fundamentals, including a low Debt to EBITDA ratio of 1.50 times and consistent positive results over the last three quarters, contributing to its favorable market perception.
In the broader market context, the stock's short-term performance over the past week shows a modest gain of 0.16%, which is lower than the Sensex's increase of 0.85%. However, over the past month, Firstsource Solutions has outperformed the benchmark with a return of 12.35% compared to the Sensex's 1.47%. The company's strong operating profit growth of 15.25% annually and a healthy net profit increase of 6.01% have bolstered investor confidence, particularly given its high institutional holdings of 33.88%. This suggests that informed investors are optimistic about the company's future, which may be driving the stock's upward movement despite some recent declines in trading volume.