Why is Dev Information falling/rising?

As of 15-Jul, Dev Information Technology Ltd's stock price is currently at Rs 114.60, reflecting an increase of Rs 1.85 or 1.64%. The stock has shown a trend reversal today, gaining after three consecutive days of decline, and opened with a significant gap up of 4.66%. Despite this positive movement, the stock has underperformed in the short term, with a 1-week return of -1.55% compared to the Sensex's -1.36%. Additionally, while the stock has outperformed its sector by 1.26% today, it has faced challenges such as falling investor participation, with delivery volume decreasing by 36.15% against the 5-day average. The company's strong ability to service debt and healthy long-term growth, indicated by a 35.30% annual increase in operating profit, provide some support for the stock, but the recent flat results and declining institutional investor participation raise concerns.
Broader Market Context: In the context of the broader market, the stock's performance over the past month has been positive, with a return of +3.71% compared to the Sensex's +1.79%. However, the stock's year-to-date performance remains concerning, with a decline of -30.88% against the Sensex's increase of +5.67%. This underperformance over the longer term, coupled with a significant drop in profits and institutional interest, suggests that while there may be short-term gains, the overall outlook for Dev Information Technology Ltd remains cautious amidst broader market trends.