Why is Datamatics Glob. falling/rising?

As of 31-Jul, Datamatics Global Services Ltd is experiencing a price increase, currently at Rs. 979.85, reflecting a rise of Rs. 43.15 or 4.61%. The stock has recently hit a new 52-week and all-time high of Rs. 986.9, and it has outperformed its sector by 5.21%. Over the last four days, the stock has shown a consecutive gain, rising 11.18%. Despite opening with a significant loss of 9.13% today, it has traded in a wide range and is currently above all major moving averages. The company maintains a low debt-to-equity ratio, which is favorable, and it has generated impressive returns over various periods, including a 51.33% increase in the last year.
In the broader market context, Datamatics Global Services Ltd has significantly outperformed the benchmark Sensex, which has declined by 1.22% over the past week while the stock itself has risen by 10.20%. The stock's year-to-date performance shows a gain of 53.45%, contrasting with the Sensex's modest increase of 3.90%. This strong performance in both the short and long term indicates robust investor confidence, despite a recent drop in delivery volume, which fell by 74.11% against the five-day average. Overall, the stock's upward movement can be attributed to its strong historical performance and favorable financial metrics, even as it navigates some volatility in trading activity.