Why is Persistent Sys falling/rising?

As of 05-Aug, Persistent Systems Ltd is currently priced at 5,169.00, reflecting a decrease of 7.15 or 0.14%. Today's price summary indicates that the stock has outperformed its sector by 0.26%, with a delivery volume that has risen by 21.64% compared to the 5-day average, suggesting increased investor participation. However, the stock's performance over the past month shows a decline of 12.20%, and year-to-date it has fallen by 20.10%, despite a strong long-term performance with a 172.59% increase over the last three years. The company has demonstrated robust fundamentals, including a healthy average return on equity of 20.92%, consistent positive results over the last six quarters, and a low debt-to-equity ratio, which may support its long-term value despite the recent price decline.
In the broader market context, the stock's short-term performance has been relatively better than the benchmark, as it has outperformed the Sensex by 0.51% over the past week, while the Sensex itself has declined by 0.77%. Despite this, the stock's year-to-date performance is significantly lagging behind the benchmark, which has gained 3.29%. The high institutional ownership at 51.96% indicates confidence from larger investors, which could provide stability in the face of recent price fluctuations. Overall, while Persistent Systems Ltd has strong fundamentals and long-term growth potential, its recent price decline reflects broader market pressures and short-term volatility.