Why is Digjam falling/rising?

As of 02-Jul, Digjam Ltd's stock price is currently at Rs 38.10, reflecting an increase of Rs 1.81 or 4.99%. The stock has shown a strong performance today, outperforming its sector by 4.77% and achieving a consecutive gain over the last three days, resulting in a total return of 15.7% during this period. It opened with a gain of 4.96% and reached an intraday high of Rs 38.10. However, despite this recent uptick, the stock has a concerning long-term outlook, characterized by a high debt-to-equity ratio of 10.6 times and a significant decline in profitability, with a negative EBITDA and a 64.5% drop in profits over the past year. The stock has consistently underperformed against benchmarks over the last three years, which raises concerns about its long-term growth potential.
In the broader market context, Digjam's short-term return of 14.35% over the past week significantly outpaces the Sensex's return of 0.79% during the same period. However, the stock's performance over the last month shows a decline of 2.98%, contrasting with the Sensex's gain of 2.50%. This indicates that while there is some short-term momentum, the stock's overall trajectory remains troubled, particularly given its substantial year-to-date decline of 40.52% compared to the Sensex's 6.75% increase. The combination of short-term gains and long-term challenges suggests a complex situation for investors considering the stock.