Why is Sigma Solve falling/rising?

As of 25-Aug, Sigma Solve Ltd's stock price is rising, currently at Rs 418.00, reflecting an increase of Rs 19.00 or 4.76%. The stock has shown strong performance today, outperforming its sector by 2.36% and reaching an intraday high of Rs 418. It is also close to its 52-week high, just 1.66% away from Rs 424.95. Over the past week, the stock has gained 5.66%, and year-to-date, it has increased by 29.27%. The company's high management efficiency, indicated by a return on equity (ROE) of 46.01%, and a low debt-to-equity ratio contribute positively to its valuation, making it attractive to investors. However, there are concerns regarding poor long-term growth, as the operating profit has only grown at an annual rate of 2.60% over the last five years.
In the broader market context, Sigma Solve's performance has significantly outpaced the benchmark, as the BSE500 has generated negative returns of -2.11% over the past year, while Sigma Solve has achieved an 8.85% return. This contrast highlights the stock's resilience and market-beating performance despite broader market challenges. Additionally, the IT - Software sector has gained by 2.37%, further supporting Sigma Solve's positive movement. However, a decline in investor participation, with delivery volume falling by 27.54% against the 5-day average, may pose a risk to sustained momentum. Overall, the stock's recent rise can be attributed to its strong fundamentals and favorable market conditions, despite some underlying concerns.