Why is Mastek falling/rising?

As of 04-Jul, Mastek Ltd's stock price is currently at 2,540.10, reflecting an increase of 124.05, or 5.13%. The stock has shown strong performance today, outperforming its sector by 4.42% and reaching an intraday high of Rs 2562.35, which is a 6.06% increase. Over the past week, Mastek has gained 3.97%, while its one-month return stands at 10.42%. Despite a year-to-date decline of 14.62%, the company has demonstrated healthy long-term growth with net sales increasing at an annual rate of 26.39%. Additionally, the stock's management efficiency is highlighted by a high return on equity (ROE) of 19.54% and a low debt-to-equity ratio, which contributes positively to its valuation. However, there has been a notable decline in investor participation, with delivery volume falling by 46.1% against the five-day average.
In the broader market context, Mastek's recent performance contrasts with the Sensex, which has declined by 0.74% over the past week. While the stock has struggled year-to-date with a decline of 14.62%, it has shown resilience in the short term, particularly with the recent increase in institutional investor participation, which has risen by 1.18% over the previous quarter. This suggests a growing confidence among institutional investors, who typically have more resources to analyze company fundamentals compared to retail investors. Overall, Mastek's recent price rise can be attributed to positive factors such as management efficiency, attractive valuation, and increased institutional interest, despite some concerns regarding declining retail investor participation.