Why is Mastek falling/rising?

As of 14-Jul, Mastek Ltd's current price is 2,506.50, reflecting an increase of 3.5 (0.14%). The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite this recent uptick, the stock has underperformed the Sensex over the past week with a return of -2.23% compared to the benchmark's -1.42%. However, it has outperformed its sector today by 1.17%. The stock is trading above its 20-day, 50-day, and 100-day moving averages, but below its 5-day and 200-day moving averages. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 40.29% against the 5-day average. Positive factors include high management efficiency, a low debt-to-equity ratio, and healthy long-term growth in net sales, which has grown at an annual rate of 26.39%. Institutional investors have also increased their stake, indicating growing confidence in the company's fundamentals.
In the broader market context, Mastek's short-term performance has been weaker than the benchmark, as evidenced by its -2.23% return over the past week compared to the Sensex's -1.42%. While the stock has faced challenges in the year-to-date performance, with a decline of 15.75% against the Sensex's increase of 5.27%, the recent increase in institutional investment suggests a potential for recovery. The company's attractive valuation, with a price-to-book ratio of 3.2 and a PEG ratio of 1.1, indicates that it is trading at a fair value compared to its peers, which may contribute to a more favorable outlook moving forward.