Why is Datamatics Glob. falling/rising?

As of 15-Jul, Datamatics Global Services Ltd's stock price is currently at Rs 748.05, reflecting an increase of Rs 15.05 or 2.05%. The stock has been on an upward trend, gaining for the last six days and achieving a total return of 13.41% during this period. It is also close to its 52-week high, just 2.25% away from Rs 764.85. The stock has outperformed its sector by 1.67% today and is trading above all key moving averages, indicating strong momentum. Additionally, the stock has shown impressive returns over various periods, including a 19.46% increase over the past month and a remarkable 158.30% over the last three years. However, it is worth noting that while the stock has performed well, the company's profits have decreased by 10.1% over the past year, which could be a concern for some investors.
In the broader market context, Datamatics Global Services Ltd has significantly outperformed the benchmark Sensex, which has seen a decline of 1.36% over the past week, while Datamatics has risen by 12.66% in the same timeframe. This strong performance relative to the benchmark highlights the stock's resilience and attractiveness to investors. The rising investor participation, evidenced by a 27.58% increase in delivery volume, further supports the stock's upward movement. Overall, the combination of positive short-term performance, strong historical returns, and favorable trading conditions contributes to the stock's rising price.