Why is Cigniti Tech. falling/rising?

As of 14-Jul, Cigniti Technologies Ltd is experiencing a price increase, currently at 1,766.00, reflecting a rise of 9.1 (0.52%). Today's price summary indicates that the stock has outperformed its sector by 1.55% and has shown a trend reversal after three consecutive days of decline. The stock's performance over the past month has been positive, with a return of +6.16%, while it has generated a substantial +30.10% return over the past year. The company has demonstrated strong financial health, evidenced by a high return on equity (ROE) of 24.39%, low debt-to-equity ratio, and significant net profit growth of 15.07%. Furthermore, institutional holdings have increased, indicating confidence from larger investors, which may contribute to the stock's upward movement.
In the broader market context, Cigniti Technologies Ltd has outperformed the Sensex in the short term, with a 1-week return of -3.13% compared to the benchmark's -1.42%. Despite this recent underperformance, the stock's long-term trajectory remains strong, with impressive returns over the past three years at +247.02% and consistent positive results in the last two quarters. However, there are concerns regarding its long-term growth potential, as operating profit has only grown at an annual rate of 16.81% over the last five years. This mixed outlook, combined with the stock's recent positive performance and rising investor participation, suggests that while there are risks, the current momentum is leaning towards a rise in stock price.