Why is LTI Mindtree falling/rising?

As of 21-Aug, LTI Mindtree Ltd's stock is currently priced at 5,230.75, reflecting an increase of 48.85, or 0.94%. The stock has shown a positive trend recently, gaining for the last three days and achieving a total return of 2.59% during this period. It has outperformed its sector by 0.81% today, and the delivery volume has increased significantly, indicating rising investor participation. Despite a year-to-date decline of 6.35%, the company demonstrates strong long-term fundamentals, including a healthy average return on equity of 24.46%, robust net sales growth, and a low debt-to-equity ratio, which contribute positively to its recent price movement.
In the broader market context, LTI Mindtree's short-term return of 2.41% over the past week outpaces the Sensex's return of 1.74%, suggesting that the stock is performing well relative to the overall market. However, it is important to note that the stock has underperformed the benchmark over the longer term, with a year-to-date decline compared to the Sensex's gain of 4.94%. The high institutional holdings at 22.82% further support the stock's stability, as these investors typically have the resources to analyze the company's fundamentals effectively.