Why is 3i Infotech falling/rising?

As of 31-Oct, 3i Infotech Ltd's stock price is currently at Rs 17.54, reflecting an increase of Rs 0.34, or 1.98%. The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite this recent uptick, it is important to note that the stock is still trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a longer-term downward trend. The stock is also close to its 52-week low, just 3.19% above Rs 16.98. However, there has been a significant rise in investor participation, with delivery volume increasing by 166.48% compared to the 5-day average, suggesting a potential shift in market sentiment. Unfortunately, the Positive and Negative Dashboard data is not available to provide further insights into the factors influencing this stock's movement.
In the broader market context, 3i Infotech's performance over the past week shows a decline of 12.65%, while the benchmark Sensex has only decreased by 0.32%. This indicates that the stock has underperformed relative to the market in the short term. Over the past month, the stock has dropped 18.83%, contrasting sharply with the Sensex's gain of 3.65%. Year-to-date, 3i Infotech has seen a significant decline of 33.60%, while the Sensex has risen by 7.42%. This disparity highlights the challenges faced by the company compared to the overall market performance, contributing to the stock's recent volatility.