Why is Datamatics Glob. falling/rising?

As of 09-Jul, Datamatics Global Services Ltd is experiencing a rise in its stock price, currently at Rs 670.35, reflecting an increase of 6.35 or 0.96%. The stock has shown strong performance today, outperforming its sector by 1.71% and has gained consecutively over the last two days, with a total return of 1.63% during this period. It reached an intraday high of Rs 681.5, which is a 2.64% increase. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 86.43% compared to the 5-day average. Despite a modest return of 2.13% over the past year and a decline in profits by 10.1%, the company maintains a low debt-to-equity ratio and a fair valuation, which supports its recent upward movement.
In the broader market context, Datamatics Global Services Ltd has outperformed the Sensex, which has only increased by 0.15% over the past week, while the stock itself has risen by 7.34%. This trend of outperforming the benchmark is consistent over various time frames, including 1 month and 3 years, where the stock has shown returns of 6.57% and 125.67%, respectively. The stock's ability to generate returns that exceed those of the broader market indicates strong investor confidence, particularly in the long term. Overall, the combination of positive short-term performance, rising investor interest, and a solid financial position contributes to the stock's upward trajectory.