Why is Cigniti Tech. falling/rising?

As of 08-Jul, Cigniti Technologies Ltd is currently priced at 1,828.00, reflecting an increase of 5.0 (0.27%). The stock has been on a positive trajectory, gaining for the last four consecutive days with a total return of 1.34% during this period. It has also performed well over the past week and month, with returns of 1.26% and 11.80%, respectively. The stock is trading above all its moving averages, indicating strong momentum. However, there has been a decline in investor participation, as the delivery volume has decreased by 22.17% compared to the five-day average. The company boasts high management efficiency, a low debt-to-equity ratio, and has reported significant growth in net profit, which has contributed to its strong buy recommendation. Despite these positives, the long-term growth outlook is tempered by a slower annual growth rate in operating profit over the last five years.
In the broader market context, Cigniti Technologies has outperformed the Sensex, which has only seen a 0.02% increase over the past week, while Cigniti has risen by 1.26%. The stock's performance over the last year shows a substantial return of 33.18%, significantly higher than the Sensex's 4.69%. This consistent outperformance over various periods, coupled with high institutional holdings, suggests that the stock is viewed favorably by investors despite some concerns regarding long-term growth. Overall, the combination of strong recent performance, positive financial results, and institutional confidence supports the upward movement of Cigniti Technologies' stock price.