Why is Digjam falling/rising?

As of 01-Sep, Digjam Ltd's stock price is currently at 57.50, reflecting a decrease of 0.47, or 0.81%. The stock has shown a mixed performance recently, with a 1-week return of +2.31%, although it has underperformed its sector by 1.85% today. Despite trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, the company faces significant challenges, including a high debt-to-equity ratio of 10.6 times, indicating weak long-term fundamental strength. Additionally, the stock has experienced a substantial decline in profits, with a return of -34.75% over the past year and a negative EBITDA, which raises concerns about its financial stability.
In the broader market context, while Digjam has outperformed the Sensex over the past week, it has consistently underperformed against the benchmark over the last three years, with a 1-year return of -34.75% compared to the Sensex's -2.43%. This consistent underperformance, coupled with flat results in recent earnings and high debt levels, contributes to a perception of risk among investors. The stock's liquidity appears adequate for trading, but the overall sentiment remains cautious due to its poor long-term growth prospects and significant debt burden.