Why is Datamatics Glob. falling/rising?

As of 24-Sep, Datamatics Global Services Ltd's stock price is currently at 896.70, reflecting an increase of 36.8 or 4.28%. The stock has shown a trend reversal, gaining after two consecutive days of decline, and it outperformed its sector by 4.94% today. The stock reached an intraday high of Rs 907.1, indicating positive momentum. Despite a recent decline of 1.57% over the past week and 8.46% over the past month, the stock has delivered impressive returns of 40.39% over the past year and 176.84% over the past three years, outperforming the BSE500 index in both the long term and near term. The company maintains a low debt-to-equity ratio, which is favorable for its financial health.
In the broader market context, the stock's short-term performance has been weaker compared to the benchmark, with a 1-week decline of 1.57% against the Sensex's decline of 1.18%. However, the stock's year-to-date performance of 40.43% significantly surpasses the Sensex's 4.58%, indicating strong underlying growth. Despite a recent drop in investor participation, as evidenced by a 16.26% decrease in delivery volume, the stock remains liquid enough for trading, suggesting that investor interest may still be present. Overall, the combination of a positive trend reversal and strong long-term performance contributes to the stock's rising price.