Why is Datamatics Glob. falling/rising?

As of 17-Jul, Datamatics Global Services Ltd is experiencing a price increase, currently at Rs. 769.35, which reflects a rise of Rs. 11.45 or 1.51%. The stock has recently hit a new 52-week high of Rs. 773.35 and has been on an upward trend, gaining 16.64% over the last eight days. It has outperformed its sector by 2.64% today and is trading above all key moving averages. Despite this positive momentum, there is a notable decline in investor participation, with delivery volume dropping by 48.8% compared to the five-day average. The company maintains a low debt-to-equity ratio and a fair valuation, but its profits have decreased by 10.1% over the past year, which may temper some investor enthusiasm.
In the broader market context, Datamatics has significantly outperformed the benchmark Sensex, with a 1-week return of 14.19% compared to the Sensex's decline of 1.12%. Over the past month, the stock has risen by 25.76%, while the Sensex has only increased by 0.83%. This strong performance in both the short and long term highlights the company's resilience and attractiveness to investors, despite the recent profit decline. Overall, the stock's upward trajectory is supported by its strong historical performance and current trading dynamics, even as it faces challenges related to falling profits and reduced trading volume.