Why is Mastek falling/rising?

As of 27-Oct, Mastek Ltd's stock price is currently at 2,200.10, reflecting an increase of 82.3 points, or 3.89%. Today's performance indicates that the stock has outperformed its sector by 3.48%, reaching an intraday high of Rs 2209.35, which is a 4.32% increase. Over the past week, Mastek has shown a return of +7.94%, although its performance over the last month is relatively modest at +1.55%. Despite a significant decline of -26.05% year-to-date and -16.71% over the past year, the company exhibits high management efficiency with a return on equity (ROE) of 17.34% and a low debt-to-equity ratio of 0.05. However, the stock's recent rise may be tempered by a decrease in investor participation, as evidenced by a 40.65% drop in delivery volume compared to the five-day average.
In the broader market context, Mastek's short-term return of +7.94% over the past week significantly outpaces the Sensex, which has only increased by +0.49% during the same period. This suggests that Mastek is gaining traction relative to the overall market. However, the stock's long-term performance remains concerning, with a -16.71% return over the past year, indicating challenges in sustaining growth. The company's high institutional holdings at 22.76% may provide some support, as these investors typically have the resources to analyze fundamentals effectively. Nonetheless, the stock's underperformance in the long term, coupled with flat results in recent quarters, raises questions about its future growth potential.