Why is Mphasis falling/rising?

As of 11-Jun, Mphasis Ltd. is currently priced at 2,677.50, reflecting a slight increase of 3.3 (0.12%). The stock has been on an upward trend, gaining 7.2% over the past week and showing a 12.17% increase over the last month. Despite this positive momentum, it has underperformed its sector by 0.9% today. The stock's performance is supported by strong fundamentals, including a high return on equity (ROE) of 19.05%, a low debt-to-equity ratio, and positive results in the last three consecutive quarters, which have contributed to rising investor confidence and participation, as evidenced by a 13.83% increase in delivery volume.
In the broader market context, Mphasis has outperformed the Sensex over the past week and month, with returns of 7.2% and 12.17%, respectively, compared to the Sensex's 1.87% and 3.85%. However, year-to-date, Mphasis is down 6.11%, while the Sensex has gained 5.60%. The high institutional holdings at 55.52% indicate that knowledgeable investors are backing the stock, which may provide additional stability and support for its price movements. Overall, while Mphasis is experiencing a recent rise, its year-to-date performance suggests some volatility in the stock's trajectory.