Why is Cigniti Tech. falling/rising?

As of 06-Oct, Cigniti Technologies Ltd is experiencing a price increase, currently at Rs 1,572.20, reflecting a rise of Rs 50.6 or 3.33%. The stock has shown strong performance today, outperforming its sector by 1.15% and achieving a consecutive gain over the last five days, with a total return of 7.59% during this period. The stock reached an intraday high of Rs 1,578.1, and despite being lower than some moving averages, it remains higher than the 5-day and 200-day moving averages. The company has demonstrated high management efficiency with a return on equity (ROE) of 24.40%, a low debt-to-equity ratio, and has reported positive results for the last three consecutive quarters, contributing to investor confidence and the stock's upward movement.
In the broader market context, Cigniti Technologies has outperformed the Sensex over the past week, with a return of 7.09% compared to the benchmark's 1.77%. However, the stock has underperformed over the past month and year-to-date, with returns of -0.12% and -9.68%, respectively. Despite these longer-term challenges, the stock's recent performance and rising investor participation, indicated by a significant increase in delivery volume, suggest a positive sentiment among investors. The company's consistent returns over the last three years and a favorable PEG ratio of 0.2 further support the stock's current upward trajectory.