Why is Mphasis falling/rising?

As of 08-Jul, Mphasis Ltd. is experiencing a price increase, currently at Rs 2,910.00, reflecting a rise of 37.0 points or 1.29%. The stock has shown strong performance today, outperforming its sector by 1.02% and reaching an intraday high of Rs 2,937.75, which is a 2.25% increase. Over the past week, Mphasis has gained 0.87%, and in the last month, it has risen by 14.12%, significantly outpacing the Sensex, which only increased by 1.85%. The company has demonstrated solid fundamentals, with positive results reported for the last three consecutive quarters, including record net sales and high operating profit to interest ratios. Additionally, Mphasis boasts a high return on equity of 19.05% and a low debt-to-equity ratio, which contributes to investor confidence.
In the broader market context, Mphasis's short-term performance is notably stronger than the benchmark, as it has outperformed the Sensex in both the 1-week and 1-month periods. While the stock has shown impressive returns, there is a slight concern regarding falling investor participation, with a decrease in delivery volume by 4.48% compared to the 5-day average. However, the stock remains liquid enough for trading, and high institutional holdings at 55.52% suggest that informed investors are backing the company, which may help sustain its upward momentum despite the recent dip in trading volume.