Why is Citizen Infoline falling/rising?

As of 28-Aug, Citizen Infoline Ltd's stock price is rising, currently at Rs. 150.00, reflecting an increase of Rs. 2.9 or 1.97%. The stock has reached a new 52-week and all-time high today and has shown strong performance, gaining 50.35% over the past month and outperforming its sector by 3.71% today. It has been on a consecutive gain streak for the last 21 days, trading above its moving averages across various time frames. However, there is a notable decline in investor participation, with delivery volume dropping significantly by 68.44% against the 5-day average. While the company has reported positive financial results recently, including higher PAT and PBDIT, it faces challenges such as weak long-term fundamental strength and a negative EBITDA, which may raise concerns among investors.
In the broader market context, Citizen Infoline's short-term return of +8.15% over the past week stands in stark contrast to the Sensex, which has declined by 2.34% during the same period. This significant outperformance highlights the stock's strength relative to the market. Additionally, while the stock has generated impressive returns over the past year, its long-term growth prospects are questioned due to a low average return on equity and weak operating profit growth. Despite these concerns, the stock's recent performance and consistent returns over the last three years suggest a strong market position, although the risks associated with its financial health cannot be overlooked.