Why is Alldigi Tech falling/rising?

As of 15-Jul, Alldigi Tech Ltd's stock price is currently at 958.80, reflecting an increase of 16.8, or 1.78%. The stock has outperformed its sector by 0.47% today, reaching an intraday high of Rs 965.7, which is a 2.52% increase. Over the past week, the stock has shown a modest gain of 0.93%, while its performance over the last month has been more robust at 5.73%. However, despite these recent gains, the stock has underperformed over the past year with a decline of 15.89%. The company maintains a low debt-to-equity ratio and a fair valuation with a price-to-book value of 5.6. Nevertheless, the stock is trading at a premium compared to its peers, and despite a 9.3% increase in profits over the past year, the stock's negative return raises concerns about its long-term growth potential.
In the broader market context, the Sensex has declined by 1.36% over the past week, while Alldigi Tech's performance has been positive, indicating a relative strength against the benchmark. However, the stock has underperformed the market over the last year, where the BSE500 has generated a return of 0.37%. The falling investor participation, evidenced by a 41.35% drop in delivery volume, suggests a lack of confidence among investors, which could hinder further price appreciation. Additionally, the absence of domestic mutual fund investment may reflect skepticism regarding the stock's valuation or business prospects, further contributing to its mixed performance in the market.