Why is Datamatics Glob. falling/rising?

As of 08-Jul, Datamatics Global Services Ltd is experiencing a price increase, currently at Rs 664.00, reflecting a change of 4.4 (0.67%) upward. The stock has shown strong performance today, outperforming its sector by 0.4%, and reached an intraday high of Rs 678, which is a 2.79% increase. Over the past week, the stock has risen by 7.07%, and over the past month, it has increased by 9.54%. Additionally, it is trading above all its moving averages, indicating a positive trend. However, despite a slight decline of 0.05% over the past year and a 10.1% drop in profits, the company's low debt-to-equity ratio and fair valuation suggest stability, which may contribute to the stock's upward movement.
In the broader market context, Datamatics Global Services Ltd's short-term performance significantly outpaces the benchmark Sensex, which has only increased by 0.02% over the past week. The stock's strong liquidity, evidenced by a 200.31% rise in delivery volume compared to the five-day average, further supports its positive momentum. While the stock has underperformed relative to the Sensex year-to-date, its impressive three-year return of 123.53% compared to the Sensex's 53.65% indicates a robust long-term growth trajectory, which may attract investor interest despite recent profit declines.