Why is Digjam falling/rising?

As of 23-Sep, Digjam Ltd's stock price is currently at Rs 58.00, reflecting an increase of Rs 1.08 or 1.9%. The stock has shown a positive performance today, outperforming its sector by 2.52% and reaching an intraday high of Rs 59.5, which is a rise of 4.53%. Over the past week, the stock has gained 3.37%, while it has increased by 4.81% over the last month. However, despite these short-term gains, the stock has faced significant challenges, including a high debt-to-equity ratio of 10.6 times, indicating weak long-term fundamental strength. The company has also reported a negative EBITDA and a substantial decline in profits over the past year, which has contributed to its consistent underperformance against benchmarks over the last three years.
In the broader market context, while Digjam's recent short-term returns have been positive, the Sensex has experienced a slight decline of 0.34% over the past week. This suggests that while Digjam is performing well relative to its sector, it is still facing headwinds in the context of the overall market. The stock's long-term performance remains concerning, with a year-to-date decline of 9.45% and a staggering drop of 30.37% over the past year, which contrasts sharply with the Sensex's gain of 5.07% in the same timeframe. Thus, despite recent positive movements, the underlying financial issues and broader market conditions indicate a complex situation for Digjam Ltd.