Why is Cigniti Tech. falling/rising?

As of 16-Jul, Cigniti Technologies Ltd's stock price is currently at 1,784.00, reflecting a rise of 4.9 points or 0.28%. The stock has been gaining momentum, having increased by 1.54% over the last three days. It is performing well relative to its moving averages, being higher than the 20-day, 50-day, 100-day, and 200-day averages, although it is lower than the 5-day moving average. The stock has shown a positive trend with a 4.94% increase over the past month and a significant 31.80% increase over the past year. Key positive factors contributing to this upward movement include a high return on equity (ROE) of 24.39%, consistent net profit growth of 15.07%, and strong institutional holdings which have increased by 1.66% over the previous quarter.
In the broader market context, while Cigniti Technologies has experienced a decline of 1.43% over the past week, it has outperformed the benchmark Sensex, which fell by only 1.08%. The stock's performance over the longer term remains robust, with a 247.62% increase over the past three years compared to the Sensex's 53.71% rise. Despite some concerns regarding its long-term growth potential, given the slower growth rate of operating profit at 16.81% annually over the last five years, the overall positive sentiment from strong financial results and rising investor participation supports the stock's current upward trajectory.