Why is Cigniti Tech. falling/rising?

As of 27-Jun, Cigniti Technologies Ltd is experiencing a price increase, currently at Rs 1,775.30, which reflects a rise of 12.75 or 0.72%. The stock has shown strong performance today, outperforming its sector by 1.01% and has been on a consecutive gain streak for the last four days, accumulating a total return of 4.22% during this period. Additionally, the stock has consistently outperformed the benchmark Sensex over various time frames, including a 30.62% return over the past year compared to the Sensex's 6.08%. The company has demonstrated high management efficiency with a return on equity (ROE) of 24.39%, low debt levels, and significant growth in net profit, which has positively influenced investor sentiment and contributed to the stock's upward movement.
Broader Market Context: In the short term, Cigniti Technologies Ltd has outperformed the Sensex, achieving a 4.10% return over the past week compared to the benchmark's 2.00%. This trend of outperformance is indicative of strong investor confidence, likely bolstered by the company's positive financial results and high institutional holdings, which have increased by 1.66% over the previous quarter. However, it is important to note that there are concerns regarding the company's long-term growth potential, as its operating profit has only grown at an annual rate of 16.81% over the last five years, which could pose risks if not addressed.