Why is Digjam falling/rising?

As of 03-Sep, Digjam Ltd's stock price is currently at 59.75, reflecting an increase of 0.95, or 1.62%. The stock has shown a positive performance today, outperforming its sector by 0.67% and has been on a consecutive gain for the last two days, rising a total of 3.91% during this period. However, despite these recent gains, the company faces significant challenges, including a high debt-to-equity ratio of 10.6 times, indicating weak long-term fundamental strength. The stock has generated a return of -29.71% over the past year, with profits declining by -81.2%, which raises concerns about its sustainability and growth potential.
In the broader market context, Digjam's short-term return of +4.84% over the past week contrasts with the Sensex, which has decreased by -0.27%. This indicates that while Digjam has been performing better than the benchmark recently, it has consistently underperformed against the BSE500 over the last three years. The stock's liquidity appears adequate for trading, but a significant drop in delivery volume by -86.08% against the five-day average suggests a decline in investor participation, which could impact future price movements negatively. Overall, while there are short-term gains, the long-term outlook remains precarious due to the company's financial challenges.