Why is Sonata Software falling/rising?

As of 17-Jul, Sonata Software Ltd. has seen its stock price rise to 438.00, reflecting an increase of 4.0 or 0.92%. Today's price performance indicates that the stock has outperformed its sector by 2.05%. While the stock is currently above its 5-day, 20-day, 50-day, and 100-day moving averages, it remains below the 200-day moving average. The stock has shown a positive return of 1.82% over the past week and 4.53% over the past month, contrasting with the Sensex, which has declined by 1.12% and increased by 0.83% respectively. However, there is a noted decline in investor participation, with delivery volume falling by 11.89% against the 5-day average. The company benefits from strong long-term fundamentals, including an average Return on Equity (ROE) of 31.04% and a healthy growth rate in net sales of 22.10%, alongside a low debt-to-equity ratio and high institutional holdings at 36.61%.
In the broader market context, Sonata Software's short-term performance has been favorable compared to the Sensex, which has experienced a decline in the same timeframe. This relative strength may indicate investor confidence in the company's fundamentals despite a challenging overall market environment. The stock's liquidity remains adequate for trading, which could also support its price stability. Overall, while the stock has shown positive movements recently, the decrease in delivery volume suggests some caution among investors, which could impact future price movements.