Why is Dev Information falling/rising?

As of 03-Jul, Dev Information Technology Ltd's stock price is currently at 121.75, reflecting an increase of 0.95 (0.79%). The stock has shown strong performance recently, gaining 12.73% over the past week and 18.72% over the past month, outperforming the sector by 0.99% today. The stock has been on a consecutive gain streak for the last four days, and there has been a notable rise in investor participation, with delivery volume increasing by 52.48% against the 5-day average. Despite these positive indicators, the company has faced challenges, including a significant decline in profit after tax over the last six months and a decrease in institutional investor participation, which may raise concerns among potential investors.
In the broader market context, while Dev Information has outperformed the Sensex by a considerable margin in the short term, it has underperformed in the long term, with a year-to-date return of -26.57% compared to the Sensex's gain of 6.53%. This disparity highlights the stock's volatility and potential risks, despite its recent gains. The company's ability to service debt remains strong, and its valuation appears attractive compared to peers, but the flat results and declining institutional interest could weigh on future performance. Overall, while there are positive factors supporting the stock's recent rise, the long-term outlook remains uncertain.