Why is KPIT Technologi. falling/rising?

As of 10-Sep, KPIT Technologies Ltd is experiencing a price increase, currently at 1,288.70, reflecting a rise of 49.0 or 3.95%. The stock has shown strong performance today, outperforming its sector by 1.4%, and has gained consecutively over the last two days, resulting in a total return of 5.05% during this period. Additionally, the stock's performance over the past week and month has been positive, with returns of 6.01% and 8.23%, respectively. The company benefits from strong long-term fundamentals, including a robust average Return on Equity (ROE) of 22.47% and healthy growth in net sales and operating profit, which have increased at annual rates of 22.93% and 43.90%, respectively. Furthermore, the stock is trading at a discount compared to its peers, which may attract investor interest.
In the broader market context, the stock's short-term performance has significantly outpaced the benchmark Sensex, which has only risen by 1.06% over the past week and 1.96% over the past month. The IT - Software sector, in which KPIT operates, has also seen a gain of 2.56%, contributing to the positive sentiment surrounding the stock. The rising investor participation, indicated by an increase in delivery volume, suggests growing confidence among investors, particularly institutional investors who hold a significant stake in the company at 37.86%. This combination of strong fundamentals, positive sector performance, and increased trading activity supports the stock's upward movement.