Why is Sonata Software falling/rising?

As of 14-Jul, Sonata Software Ltd. is experiencing a price increase, currently at 433.00, reflecting a change of 2.95 (0.69%) upward. The stock has shown a positive trend today, outperforming its sector by 1.72% and reversing a previous decline after three consecutive days of falling prices. Over the past week, the stock has gained 3.82%, while its performance over the past month is up by 5.35%. However, it is important to note that the stock has a year-to-date decline of 27.95% and a one-year decline of 38.77%. The company maintains strong long-term fundamentals, with an average Return on Equity (ROE) of 31.04% and healthy net sales growth of 22.10% annually, despite a recent profit drop of 12.1%. The stock is trading at a fair valuation compared to its peers, supported by high institutional holdings at 36.61%.
In the broader market context, Sonata Software's short-term performance has been notably better than the benchmark Sensex, which has declined by 1.42% over the past week. This indicates that while the overall market may be struggling, Sonata Software is managing to attract investor interest, likely due to its strong fundamentals and fair valuation. However, the stock's liquidity has been impacted by a significant decrease in delivery volume, which fell by 64.48% against the five-day average, suggesting a potential concern regarding investor participation. Overall, the stock's recent upward movement can be attributed to its solid long-term prospects and a temporary recovery from recent declines, despite the challenges it faces in the current market environment.