Why is L&T Technology falling/rising?

As of 19-Nov, L&T Technology Services Ltd is experiencing a significant rise in its stock price, currently at 4,403.50, reflecting an increase of 330.75 or 8.12%. The stock has outperformed its sector by 5.36% today, reaching an intraday high of Rs 4460, which is a 9.51% increase. Over the past week, the stock has shown a return of 5.41%, while its one-month return stands at 6.09%. Despite a year-to-date decline of 7.05% and a one-year drop of 14.06%, the company has demonstrated strong long-term fundamentals, with an average Return on Equity (ROE) of 23.28% and a healthy annual growth rate in net sales of 15.95%. However, there has been a notable decline in investor participation, with delivery volume falling by 36.41% against the five-day average.
In the broader market context, L&T Technology Services has outperformed the Sensex, which has only gained 0.85% over the past week and 1.47% over the past month. The IT - Software sector has also seen a gain of 2.73%, indicating a positive trend within the industry. Despite the stock's recent upward movement, the overall year-to-date and one-year performance remains below the benchmark, which has increased by 9.02% and 9.81% respectively. The stock's liquidity remains adequate for trading, but the lower trading volume could indicate a cautious sentiment among investors.