Why is LTI Mindtree falling/rising?

As of 20-Aug, LTI Mindtree Ltd's stock is currently priced at Rs 5,181.90, reflecting an increase of Rs 63.9 or 1.25%. The stock has shown a positive trend recently, gaining 1.63% over the last two days, although it underperformed its sector by 1.18% today. The stock's performance over the past week has been relatively strong, with a return of 1.68%, while it has struggled year-to-date with a decline of 7.23%. Positive factors contributing to the stock's movement include strong long-term fundamentals, with an average Return on Equity (ROE) of 24.46%, and impressive growth in net sales and operating profit. Additionally, the company reported its highest net sales in the last quarter, which may bolster investor confidence.
Broader market context indicates that while LTI Mindtree has performed well in the short term compared to the benchmark Sensex, which gained 1.64% over the same week, it has lagged behind in longer-term performance, with a year-to-date decline of 7.23% compared to the Sensex's increase of 4.76%. The IT sector, in which LTI Mindtree operates, has seen a gain of 2.36%, suggesting a favorable environment for technology stocks. However, a notable decline in investor participation, with delivery volume dropping significantly, could indicate caution among investors, potentially impacting future price movements.