Why is LTI Mindtree falling/rising?

As of 12-Nov, LTI Mindtree Ltd's stock price is rising, currently at 5,899.00, reflecting an increase of 186.1 or 3.26%. The stock has been gaining momentum, having outperformed its sector by 1.09% today and achieving a consecutive gain over the last three days, with a total return of 5.93% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a recent decline in delivery volume, which fell by 29.98% against the 5-day average, the company maintains strong long-term fundamentals, including a healthy average Return on Equity (ROE) of 26.97% and significant growth in net sales and operating profit. However, it is worth noting that the stock has underperformed against the benchmark over the past year and has a relatively high valuation compared to its peers.
In the broader market context, LTI Mindtree's short-term performance has been notably stronger than the benchmark, with a 1-week return of 5.03% compared to the Sensex's 1.21%. This trend continues in the 1-month performance, where LTI Mindtree achieved a return of 7.85%, significantly outpacing the Sensex's 2.38%. While the stock has shown resilience in the short term, its long-term performance remains a concern, as it has generated negative returns over the past year and consistently underperformed the BSE500 in the last three years. The high institutional holdings at 23.07% suggest confidence from sophisticated investors, but the stock's expensive valuation and flat results in recent quarters may pose risks to its continued upward movement.