Why is Diligent Indust. falling/rising?

As of 26-Jun, Diligent Industries Ltd is currently priced at 2.10, reflecting an increase of 0.04 or 1.94%. The stock has shown a trend reversal, gaining after 11 consecutive days of decline. Today's performance indicates that it has outperformed its sector by 1.8%. Additionally, the stock's delivery volume has significantly increased, rising by 657.86% against the 5-day average, suggesting a rising investor participation. Despite a substantial year-to-date decline of 35.78% and a one-year return of -59.16%, the company has reported a profit increase of 24.8%, which may contribute to its attractive valuation with a ROCE of 6.1. However, the stock's long-term fundamental strength remains weak, indicated by a high Debt to EBITDA ratio and poor growth in net sales over the past five years.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has gained 2.94% over the past week. While Diligent Industries has experienced a short-term uptick, its longer-term performance has been significantly underwhelming, with consistent underperformance against the benchmark over the last three years. The stock's year-to-date decline of 35.78% starkly contrasts with the Sensex's 7.19% gain, highlighting the challenges the company faces in the market. Overall, while there are signs of a potential recovery in the short term, the long-term outlook remains concerning due to fundamental weaknesses.