Why is Mastek falling/rising?

As of 17-Nov, Mastek Ltd's stock price is rising, currently at 2,335.60, reflecting an increase of 100.35 or 4.49%. The stock has shown a positive trend today, outperforming its sector by 4.22% and reversing a two-day decline. It reached an intraday high of Rs 2367.9, marking a 5.93% increase. Over the past week, Mastek has gained 8.24%, and in the last month, it has risen by 12.14%, although it has seen a decline of 21.49% year-to-date. The company benefits from high management efficiency, evidenced by a return on equity (ROE) of 19.82%, a low debt-to-equity ratio of 0.05, and an attractive valuation with a price-to-book value of 2.7. Additionally, institutional holdings have increased by 1.19%, indicating confidence from larger investors.
In the broader market context, Mastek's short-term performance has significantly outpaced the Sensex, which has only increased by 1.69% over the past week and 1.19% over the past month. Despite the stock's recent gains, it remains down 21.49% year-to-date compared to the Sensex's 8.72% increase, suggesting that while Mastek is experiencing a rebound, it is still recovering from a more substantial decline relative to the overall market. The liquidity of the stock is adequate for trading, although there has been a notable decrease in delivery volume, which may indicate a potential concern for sustained investor interest.