Why is Alldigi Tech falling/rising?

As of 09-Jul, Alldigi Tech Ltd's stock price is currently at 952.75, reflecting an increase of 2.75 (0.29%). The stock has been gaining for the last two days, with a total return of 3.53% during this period. It is performing inline with its sector and is trading higher than its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Notably, there has been a significant increase in investor participation, with delivery volume rising by 368.74% against the 5-day average. Despite a year-to-date return of only 0.16%, the stock has shown a strong performance over three years with a return of 122.45%. However, it has underperformed over the past year with a decline of 14.66%. The company has a low debt-to-equity ratio and a fair valuation, but it is trading at a premium compared to its peers. Additionally, institutional investors have increased their stake, indicating growing confidence in the company's fundamentals.
In the broader market context, Alldigi Tech's short-term return of 2.45% over the past week significantly outpaces the Sensex's return of 0.15% during the same period. While the stock has recently gained traction, it has struggled over the longer term, with negative returns of 14.66% in the past year compared to the market's positive return of 3.96%. This underperformance highlights the challenges the company faces despite recent gains and increased institutional interest. The flat results reported in March and modest growth rates in net sales and operating profit over the last five years suggest that while there may be short-term optimism, long-term growth prospects remain a concern for investors.