Why is Digjam falling/rising?

As of 21-Aug, Digjam Ltd's stock price is currently at 52.95, reflecting an increase of 0.46 or 0.88%. Today's performance indicates a trend reversal as the stock has gained after five consecutive days of decline. It has outperformed its sector by 1.18%, and there has been a notable increase in investor participation, with delivery volume rising by 28.2% compared to the five-day average. Despite this positive movement, the stock has shown significant underperformance over longer periods, with a year-to-date decline of 17.33% and a staggering 63.41% drop over the past three years. The company's high debt levels, indicated by a Debt-Equity Ratio of 10.6 times, and poor long-term growth prospects, with net sales growing at only 85.49% annually over the last five years, contribute to its weak fundamental strength.
In the broader market context, while Digjam's stock has seen a slight uptick today, it has consistently underperformed against the benchmark, with a one-year return of -37.71% compared to the Sensex's gain of 1.35%. This underperformance is further highlighted by the stock's negative EBITDA and a significant drop in profits by 81.2% over the past year. The overall market sentiment appears to favor stability, as evidenced by the Sensex's positive performance, contrasting sharply with Digjam's struggles. Thus, while there are short-term gains, the long-term outlook remains concerning due to the company's financial challenges.