Why is Digjam falling/rising?

As of 02-Sep, Digjam Ltd's stock price is currently at Rs 58.80, reflecting an increase of Rs 1.3 or 2.26%. The stock has shown a positive performance today, outperforming its sector by 1.27%, with an intraday high of Rs 59.14 and a low of Rs 56. Despite this short-term gain, the stock has experienced significant underperformance over the past year, with a decline of 32.03%. Additionally, the company has a high debt-to-equity ratio of 10.6 times, indicating weak long-term fundamental strength, and its net sales growth has been poor, averaging only 85.49% over the last five years. The recent flat results in June, with a profit before tax of Rs -2.29 crore, and a negative EBITDA further contribute to the stock's risky profile.
In the broader market context, Digjam's short-term return of 3.18% over the past week contrasts sharply with the Sensex, which has declined by 0.78% during the same period. However, the stock's year-to-date performance is notably negative at -8.20%, while the Sensex has gained 2.58%. This consistent underperformance against the benchmark over the last three years, coupled with a drastic fall in investor participation, as evidenced by a 97.22% drop in delivery volume, suggests that while there may be short-term gains, the overall outlook remains concerning for investors.