Why is Persistent Sys falling/rising?

As of 19-Aug, Persistent Systems Ltd is experiencing a price increase, currently at 5,250.00, with a change of 22.5, representing a 0.43% rise. Today's price summary indicates that the stock's performance is in line with its sector, showing higher movement than the 5-day moving averages but lower than the longer-term averages. The stock has seen a significant rise in investor participation, with delivery volume increasing by 32.94% compared to the 5-day average. Despite a decline of 5.38% over the past month, the stock has shown strong long-term fundamentals, including a healthy growth rate in net sales and operating profit, alongside a low debt-to-equity ratio. Additionally, high institutional holdings at 51.96% suggest confidence from knowledgeable investors, which may positively influence the stock's recent movement.
In the broader market context, the stock's short-term return of +0.27% over the past week is underperforming compared to the Sensex, which has risen by 1.76% in the same period. However, the stock has consistently outperformed the BSE500 over the last three years, generating a substantial return of 179.16%. This long-term performance, combined with the company's recent positive financial results and consistent returns, may provide a buffer against short-term fluctuations and support the stock's current upward movement.