Why is Cigniti Tech. falling/rising?

As of 12-Aug, Cigniti Technologies Ltd is currently priced at 1,525.35, reflecting an increase of 9.55 (0.63%). The stock has shown a positive movement today, outperforming its sector by 0.35% and has been gaining for the last two days, with a total return of 1.59% during this period. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a potential weakness in the stock's performance trend. Despite a significant drop in delivery volume by 54.54% against the 5-day average, the company has demonstrated strong management efficiency with a high return on equity (ROE) of 24.40%, a low debt-to-equity ratio, and positive results over the last three consecutive quarters, which may support its recent price increase.
In the broader market context, Cigniti Technologies has underperformed the benchmark Sensex over the past week and month, with returns of -5.41% and -13.18%, respectively, while the Sensex has only declined by -0.59% and -2.75%. However, the stock has outperformed the benchmark over the past year, generating a return of 12.46% compared to the Sensex's 0.74%. This indicates that while the stock is currently experiencing short-term volatility, its long-term performance remains strong, supported by consistent returns over the last three years and significant profit growth, which may attract investors looking for stability amidst recent fluctuations.