Why is Diligent Indust. falling/rising?

As of 11-Aug, Diligent Industries Ltd is experiencing a price increase, currently at 2.65, with a change of 0.15, representing a 6.0% rise. The stock has shown a positive trend today, outperforming its sector by 6.57% and marking a reversal after three consecutive days of decline. Over the past week, the stock has gained 1.92%, while it has significantly outperformed the benchmark Sensex, which has fallen by 0.51%. Despite a year-to-date decline of 18.96%, the stock's profits have risen by 24.8%, and it is trading at a discount compared to its peers, suggesting an attractive valuation. However, it is important to note that investor participation has decreased, with delivery volume falling by 76% against the five-day average.
In the broader market context, Diligent Industries Ltd's short-term performance contrasts sharply with the benchmark, as it has gained 1.92% over the past week while the Sensex has declined. Despite this recent uptick, the stock has underperformed over the longer term, with a significant 44.36% drop in the past year compared to the market's negative return of 1.85%. The company's weak long-term fundamentals, characterized by a low average Return on Capital Employed (ROCE) and a high Debt to EBITDA ratio, continue to pose challenges. Overall, while the stock is currently rising, its long-term outlook remains uncertain due to these underlying financial issues.