Why is Persistent Sys falling/rising?

As of 01-Sep, Persistent Systems Ltd's stock price is rising, currently at 5,410.00, with an increase of 95.55 or 1.8%. Today's performance indicates a positive trend as the stock has outperformed its sector by 0.53% and has gained after three consecutive days of decline. The stock reached an intraday high of Rs 5,433, reflecting a 2.23% increase. Over the past week, the stock has experienced a slight decline of 0.72%, but it has shown a strong recovery over the past month with a gain of 7.03%. Additionally, the company has demonstrated robust long-term fundamentals, with a healthy growth rate in net sales and operating profit, and a low debt-to-equity ratio, which supports its recent upward movement.
In the broader market context, the stock's performance contrasts with the Sensex, which has decreased by 1.56% over the past week. This indicates that Persistent Systems is not only recovering from its recent downturn but is also performing better than the overall market. The stock has consistently generated returns, outperforming the BSE500 in the last three annual periods, which is further supported by high institutional holdings that have increased by 0.74% over the previous quarter. This institutional confidence, combined with strong financial results and rising investor participation, contributes to the stock's positive momentum despite its year-to-date decline of 16.38%.