Why is Datamatics Glob. falling/rising?

As of 11-Jul, Datamatics Global Services Ltd is experiencing a price increase, currently at Rs. 727.00, reflecting a rise of 53.25 (7.9%). The stock has recently hit a new 52-week high of Rs. 744.7 and has shown strong performance, gaining 10.22% over the last four days. In terms of returns, the stock has outperformed the Sensex significantly, with a 1-week return of +10.15% compared to the benchmark's -1.12%, and a 1-month return of +14.67% against a flat Sensex. Despite a recent decline in investor participation, indicated by a drop in delivery volume, the stock's positive momentum is supported by its strong performance relative to the sector and its favorable moving averages.
Broader market context reveals that while the IT - Software sector has declined by -2.17%, Datamatics has managed to maintain a market-beating performance both in the short and long term. The company has a low debt-to-equity ratio and a fair valuation, which contributes to its stability. However, it is trading at a premium compared to its peers, and its profits have decreased by -10.1% over the past year, which could be a concern for some investors. Overall, the stock's recent rise is attributed to its strong performance metrics and resilience in a challenging sector environment.