Why is Datamatics Glob. falling/rising?

As of 04-Jul, Datamatics Global Services Ltd is experiencing a price increase, currently at Rs 660.00, reflecting a rise of 39.55 or 6.37%. The stock has outperformed its sector by 5.66% today, reaching an intraday high of Rs 660. The stock has shown strong performance over the past week with a return of +6.41%, and over the past month, it has increased by +11.07%. However, it is important to note that despite this recent uptick, the stock has generated a return of -1.18% over the past year, and its profits have declined by -10.1%. The company maintains a low Debt to Equity ratio and a fair valuation with a Price to Book Value of 2.9, but it trades at a premium compared to its peers, which may indicate some investor caution.
In the broader market context, while Datamatics Global Services Ltd has shown positive short-term returns, the benchmark Sensex has declined by -0.74% over the past week and increased by +3.01% over the past month. This suggests that the stock's recent rise is notable against a backdrop of broader market weakness. Additionally, the company has seen a significant drop in investor participation, with delivery volume falling by -49.53% against the 5-day average, which could indicate a lack of confidence among investors despite the stock's current upward movement. The relatively low stake held by domestic mutual funds at only 0.28% may further reflect some hesitance regarding the stock's long-term growth potential.