Why is Digjam falling/rising?

As of 22-Sep, Digjam Ltd's stock price is currently at 56.99, reflecting a slight increase of 0.04 (0.07%). The stock has shown a positive trend recently, gaining 3.43% over the last two days and outperforming its sector by 0.78%. However, despite this short-term gain, the stock has experienced a significant decline of 32.95% over the past year and a staggering 60.51% over the last three years. The company is facing challenges with high debt, indicated by a Debt-Equity Ratio of 10.6 times, and has reported a negative EBITDA, which raises concerns about its long-term viability. Additionally, the company's net sales growth has been poor, averaging only 85.49% over the last five years, and it has consistently underperformed against the benchmark indices.
In the broader market context, while Digjam's stock has gained 2.98% over the past month, the benchmark Sensex has increased by 1.05%, indicating that the stock is performing better than the market in the short term. However, the stock's year-to-date performance is concerning, with a decline of 11.02% compared to the Sensex's gain of 5.15%. The recent drop in investor participation, with delivery volume falling by 79.32% against the five-day average, suggests a lack of confidence among investors, which could hinder any sustained recovery. Overall, while there are some positive short-term movements, the underlying financial issues and long-term performance concerns continue to weigh heavily on Digjam Ltd's stock outlook.