Why is Datamatics Glob. falling/rising?

As of 28-Jul, Datamatics Global Services Ltd is experiencing a price increase, currently at 915.00, which reflects a rise of 33.65 or 3.82%. The stock has shown strong performance recently, with a 1-week return of +18.35% and a 1-month return of +47.52%, significantly outperforming the Sensex, which has declined by -1.59% and -3.77% respectively during the same periods. Despite opening lower today with a loss of -2.97%, the stock rebounded to touch an intraday high of Rs 931.2, indicating positive momentum. The stock is also trading above its moving averages, which suggests a bullish trend. However, there is a noted decline in investor participation, with delivery volume falling by -11.98% against the 5-day average, which could be a concern for future price stability.
In the broader market context, Datamatics Global Services Ltd's recent performance stands in stark contrast to the benchmark, as it has generated substantial returns over various periods, including +43.29% year-to-date compared to the Sensex's +3.52%. This strong performance is supported by the company's low debt-to-equity ratio and its ability to outperform the BSE500 over the last three years, one year, and three months. The liquidity of the stock remains adequate for trading, which may attract more investors despite the recent dip in delivery volume. Overall, the stock's upward movement can be attributed to its robust historical performance and favorable financial metrics, even as it faces some short-term volatility.