Why is Mastek falling/rising?

As of 22-Jul, Mastek Ltd's stock price is currently at 2,649.00, reflecting a decrease of 22.0 points or 0.82%. Despite this decline, the stock has shown positive performance over the past week and month, with returns of 4.79% and 8.73%, respectively. Today's price summary indicates that Mastek underperformed its sector by 0.6%, although it reached an intraday high of Rs 2733.55, representing a 2.34% increase at that point. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 1944.2% against the 5-day average. The company maintains a high management efficiency with a return on equity (ROE) of 19.54%, a low debt-to-equity ratio, and healthy long-term growth metrics, including a 24.07% annual growth rate in net sales.
In the broader market context, Mastek's recent performance contrasts with the Sensex, which has seen a slight decline of 0.47% over the past week. While Mastek's year-to-date return is negative at -10.96%, it has outperformed the benchmark in the short term, indicating a potential recovery trend. Institutional investors have increased their stake in Mastek by 1.18% over the previous quarter, reflecting growing confidence in the company's fundamentals. Despite the current price drop, the stock's attractive valuation and increasing institutional participation may support future price stability and growth.