Why is Digjam falling/rising?

As of 03-Jul, Digjam Ltd's stock price is currently at Rs 40.00, reflecting an increase of Rs 1.9, or 4.99%. The stock has shown strong performance recently, gaining 21.47% over the last four days and outperforming its sector by 4.69% today. Despite this positive short-term movement, the stock has a troubling long-term outlook, with a significant decline of 52.59% over the past year and a staggering 67.36% drop over the last three years. The company is burdened by high debt, as indicated by a Debt-Equity Ratio of 10.6 times, and has reported negative earnings before interest, taxes, depreciation, and amortization (EBITDA), which raises concerns about its financial health.
In the broader market context, while Digjam has outperformed the Sensex by 19.05% over the past week, the benchmark index has shown a slight decline of 0.62%. This indicates that the stock's recent gains may be more reflective of specific company factors rather than overall market strength. The company's weak long-term fundamentals, including poor growth in net sales and consistent underperformance against the BSE500, suggest that the recent price rise may not be sustainable. Additionally, the significant drop in investor participation, with delivery volume falling by 93% against the five-day average, further complicates the stock's outlook, indicating potential volatility ahead.