Why is Persistent Sys falling/rising?

As of 14-Aug, Persistent Systems Ltd is experiencing a price increase, with its current price at 5,293.20, reflecting a rise of 53.05 or 1.01%. The stock has shown a positive performance today, outperforming its sector by 0.79% and has been on a consecutive gain streak for the last four days, accumulating a total return of 3.82% during this period. However, despite this short-term gain, the stock has a mixed performance over longer periods, with a decline of 5.71% over the past month and a year-to-date drop of 18.18%. Positive factors contributing to the stock's recent movement include strong long-term fundamentals, with an average Return on Equity (ROE) of 20.92%, consistent growth in net sales and operating profit, and high institutional holdings at 51.96%, which have increased by 0.74% over the previous quarter.
In the broader market context, the stock's short-term return of +2.03% over the past week contrasts with the Sensex, which has remained nearly flat at -0.03%. This indicates that Persistent Systems is performing better than the overall market in the short term. However, the stock's longer-term performance shows a significant decline compared to the benchmark, with a year-to-date drop of 18.18% against the Sensex's gain of 3.15%. The falling investor participation, as indicated by a 42.38% decrease in delivery volume, may also suggest caution among retail investors, despite the stock's strong fundamentals and positive recent results.