Why is Digidrive Dist. falling/rising?

As of 23-Jun, Digidrive Distributors Ltd is experiencing a price increase, currently at Rs 31.70, reflecting a rise of 1.63 or 5.42%. The stock has shown positive momentum, gaining 8.12% over the last two days and outperforming its sector by 2.67% today. Despite this short-term gain, the stock has underperformed over the longer term, with a 5.40% decline over the past month and a significant 30.41% drop year-to-date. The company has a low Debt to Equity ratio, indicating financial stability, and has reported healthy long-term growth in operating profit. However, it also faces challenges such as poor management efficiency, evidenced by a low Return on Equity of 2.34%, and a decrease in institutional investor participation, which may impact future performance.
In the broader market context, Digidrive's short-term performance of +2.59% over the past week contrasts with the Sensex's modest gain of 0.12%, indicating that the stock is currently outperforming the benchmark. However, the stock's consistent underperformance over the last three years, with a -19.28% return compared to the benchmark's positive performance, raises concerns about its long-term viability. The recent increase in price may be driven by short-term trading activity rather than a fundamental turnaround, as indicated by the falling delivery volume and declining institutional interest.