Why is Ceinsys Tech falling/rising?

As of 17-Sep, Ceinsys Tech Ltd's stock price is currently at Rs 1,696.70, reflecting an increase of Rs 7.7 or 0.46%. The stock has been gaining over the last two days, with a total return of 2.24% during this period. However, it is important to note that the stock touched an intraday low of Rs 1,655, indicating some volatility. Despite this, the company has demonstrated strong financial performance, with a significant growth in net profit of 231.24% and positive results for the last five consecutive quarters. The low Debt to EBITDA ratio of 1.37 times further supports its ability to service debt, contributing positively to investor sentiment.
In the broader market context, Ceinsys Tech's short-term performance over the past week shows a return of +0.66%, which is lower than the benchmark Sensex's return of +1.56%. Over the last month, the stock has underperformed with a decline of 1.20% compared to the Sensex's increase of 2.60%. Despite the recent gains, the stock's year-to-date performance remains negative at -10.27%, while the Sensex has gained 5.83%. This indicates that while the stock has shown some resilience recently, it still faces challenges in the broader market environment.