Why is Datamatics Glob. falling/rising?

As of 06-Nov, Datamatics Global Services Ltd is experiencing a decline in its stock price, currently at 902.05, which reflects a decrease of 19.05 or 2.07%. Today's price summary indicates that the stock opened lower, with a gap down of 2.07%, and reached an intraday high of Rs 945 before dropping to a low of Rs 896.1. The stock has underperformed its sector by 2.16% today, and there has been a significant drop in investor participation, with delivery volume falling by 46.89% compared to the 5-day average. Despite a strong performance over the past year, with a return of 53.66%, the stock's recent movement is influenced by its current trading below the 5-day and 50-day moving averages, although it remains above the longer-term averages.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a 1-week return of -7.69% compared to the Sensex's decline of only -1.30%. This underperformance may be attributed to the recent drop in trading volume and investor interest, despite the company reporting strong financial results and maintaining a low debt-to-equity ratio. The stock's valuation remains fair, trading at a premium relative to its peers, which could be contributing to the cautious sentiment among investors. Overall, while Datamatics has shown impressive long-term growth, the recent decline in price reflects short-term challenges in market participation and performance relative to the benchmark.