Why is Digicontent falling/rising?

As of 04-Nov, Digicontent Ltd's stock price is currently at Rs 36.85, reflecting an increase of Rs 4.04, or 12.31%. The stock has shown a notable performance today, outperforming its sector by 12.15% and reversing a trend after two consecutive days of decline. It reached an intraday high of Rs 39.37, indicating strong trading activity, despite a wide trading range of Rs 6.35. The stock has also seen a significant rise in delivery volume, increasing by 241.91% against the 5-day average, suggesting heightened investor interest. However, the company faces challenges with a high debt-to-equity ratio of 43.26 times and poor long-term growth, as evidenced by a net sales growth rate of only 14.07% over the past five years and a decline in PAT of 37.48% in the latest six months.
In the broader market context, Digicontent's short-term return of +12.35% over the past week contrasts sharply with the Sensex, which has declined by 1.38% during the same period. Despite this positive short-term performance, the stock has underperformed the market over the last year, with a return of -10.75% compared to the benchmark's +5.94%. This underperformance, coupled with flat results in recent financial disclosures, suggests that while the stock may be experiencing a temporary rise, its long-term outlook remains uncertain due to high debt levels and inconsistent growth metrics.