Why is LTI Mindtree falling/rising?

As of 14-Aug, LTI Mindtree Ltd's stock price is currently at 5,107.75, reflecting an increase of 11.5 points or 0.23%. The stock has shown a positive performance today, reaching an intraday high of Rs 5,270, which is a rise of 3.41%. In terms of returns, over the past week, the stock has gained 1.20%, while it has experienced a decline of 0.95% over the past month. The company exhibits strong long-term fundamentals, with a notable average Return on Equity (ROE) of 24.46% and impressive growth in net sales and operating profit. Additionally, high institutional holdings at 22.82% suggest confidence from more knowledgeable investors, which may contribute to the stock's upward movement.
In the broader market context, LTI Mindtree's recent performance contrasts positively with the benchmark Sensex, which has seen a slight decline of 0.03% over the past week. While the stock has underperformed the Sensex year-to-date with a drop of 8.55% compared to the index's gain of 3.15%, its current rise today indicates a potential shift in investor sentiment. The stock's liquidity is also favorable, with a significant increase in delivery volume, suggesting heightened investor participation. Overall, while the stock has faced challenges in the longer term, recent positive indicators and strong fundamentals may be driving its current upward movement.