Why is Sigma Solve falling/rising?

As of 22-Sep, Sigma Solve Ltd's stock price is currently at 478.05, reflecting an increase of 11.6, or 2.49%. The stock has shown a strong performance today, having outperformed its sector by 5.1% and achieving a consecutive gain over the last three days with a total return of 3.78%. Despite opening with a loss of 5.45%, the stock reached an intraday high of Rs 478.05. Over the past month, Sigma Solve has delivered a remarkable return of 19.81%, significantly outperforming the Sensex, which only gained 1.05%. The company benefits from high management efficiency, as indicated by a return on equity (ROE) of 46.01%, and maintains a low debt-to-equity ratio, which supports its financial stability.
Broader market context shows that while the IT - Software sector has declined by 2.6%, Sigma Solve has managed to generate a 25.80% return over the past year, contrasting sharply with the negative performance of the broader market (BSE500), which has seen a decline of 3.80%. This strong performance relative to the benchmark indicates that investor sentiment remains positive towards Sigma Solve, despite a recent drop in delivery volume, which has decreased by 58.25% against the five-day average. Overall, the stock's ability to maintain upward momentum, coupled with its solid financial metrics, suggests a favorable outlook amidst a challenging market environment.