Why is Infosys falling/rising?

As of 09-Oct, Infosys Ltd's current price is 1,509.40, reflecting an increase of 14.45 (0.97%). The stock has been gaining for the last two days, with a total return of 3.66% during this period. Despite its recent gains, the stock has underperformed over the longer term, with a year-to-date decline of 19.74% and a one-year drop of 22.75%. The stock is currently trading above its 5-day, 20-day, and 50-day moving averages, but below its 100-day and 200-day moving averages. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 42.75% against the 5-day average. However, the company maintains strong long-term fundamentals, with a healthy average return on equity of 30.48% and a low debt-to-equity ratio, which supports its fair valuation compared to peers.
In the broader market context, Infosys' short-term return of 4.41% over the past week outpaces the Sensex's return of 1.47%, indicating a relative strength in the stock's performance. Despite the recent uptick, the stock's long-term performance remains concerning, as it has significantly lagged behind the benchmark over the past year and three years. The high institutional holdings at 71.54% suggest that informed investors continue to support the stock, which may contribute to its recent price stability. Overall, while the stock is currently experiencing a rise, its long-term trajectory remains challenged compared to the broader market.