Why is Diligent Indust. falling/rising?

As of 06-Oct, Diligent Industries Ltd is experiencing a price increase, currently at 3.35, which reflects a rise of 0.28 or 9.12%. The stock has shown a positive trend today, outperforming its sector by 9.15% and reversing a three-day decline. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a potential upward momentum. Despite a year-over-year return of -26.26%, the company has seen a profit increase of 30.6%, and its valuation appears attractive with a return on capital employed (ROCE) of 6.1, suggesting it is trading at a discount compared to peers. However, the stock's long-term fundamentals are weak, with a high debt to EBITDA ratio and a low average ROCE of 4.34, which may raise concerns among investors.
In the broader market context, Diligent Industries Ltd has outperformed the Sensex in the short term, with a 1-week return of +4.36% compared to the benchmark's +1.77%. However, the stock has consistently underperformed over the last three years, generating -71.11% returns against the Sensex's +40.48%. This mixed performance indicates that while there may be short-term gains, the long-term outlook remains uncertain due to the company's fundamental weaknesses and historical underperformance against the benchmark.