Why is Allied Digital falling/rising?

As of 14-Aug, Allied Digital Services Ltd is experiencing a price increase, currently at Rs 164.80, reflecting a rise of Rs 3.25 or 2.01%. Despite this positive movement today, the stock has shown a poor performance over the past week and month, with declines of 3.82% and 10.46%, respectively. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 41.12% against the 5-day average. The company has a low debt-to-equity ratio, which is a positive factor, but it is overshadowed by its poor long-term growth, as evidenced by a 72.15% decline in profit after tax over the last six months and a return on equity of only 5.3%.
In the broader market context, the stock has underperformed the benchmark Sensex, which has seen a slight decline of only 0.03% over the past week. While Allied Digital's stock has outperformed its sector by 1.79% today, its year-to-date performance is significantly worse, with a decline of 29.87% compared to the Sensex's gain of 3.15%. This underperformance is compounded by the fact that domestic mutual funds hold no stake in the company, suggesting a lack of confidence in its valuation and business prospects. Overall, the combination of short-term gains today does not mitigate the stock's long-term challenges and broader market underperformance.