Why is Mphasis falling/rising?

As of 02-Jul, Mphasis Ltd. is currently priced at 2,886.00, reflecting a slight increase of 1.0 (0.03%). The stock has been gaining momentum, having risen 3.05% over the last three days, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, Mphasis has outperformed the Sensex with a return of 4.94% compared to the benchmark's 0.79%. The company has demonstrated strong financial performance, with positive results over the last three consecutive quarters, including record net sales and operating profit metrics. Additionally, the high management efficiency, indicated by a return on equity of 19.05%, and a low debt-to-equity ratio contribute positively to investor confidence. However, there has been a decline in investor participation, with delivery volume falling by 3.28% against the 5-day average.
In the broader market context, Mphasis's performance over the last year has significantly outpaced the market, generating a return of 15.22% compared to the BSE500's 3.11%. This strong relative performance suggests that investors are favoring Mphasis over other options in the market. Despite the recent decline in delivery volume, the stock remains liquid enough for trading, indicating ongoing interest from institutional investors, who hold 55.52% of the company. This institutional backing may provide additional stability and support for the stock's price movement in the near term.