Why is Dolat Algotech falling/rising?

As of 23-Oct, Dolat Algotech Ltd's stock price is currently at Rs 82.71, reflecting an increase of Rs 1.44 or 1.77%. The stock has shown a positive trend recently, gaining for three consecutive days with a total return of 3.56% during this period. Today's performance indicates that it outperformed its sector by 1.63%, reaching an intraday high of Rs 83.2, although it also experienced a low of Rs 79. Despite these gains, the stock has underperformed over the longer term, with a year-to-date decline of 34.54% and a one-year return of -38.11%. The company has strong long-term fundamentals, with a return on equity of 26.31% and healthy growth in net sales and operating profit. However, it has faced negative results recently, including a significant drop in profit after tax and net sales, which may contribute to investor caution.
In the broader market context, Dolat Algotech's short-term return of 2.05% over the past week surpasses the Sensex's gain of 1.30%, indicating a relative strength in the short term. However, the stock's long-term performance remains concerning, as it has lagged behind the benchmark indices over one year and three years. The lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence among institutional investors, potentially impacting liquidity and investor sentiment. Overall, while the stock is experiencing a short-term rise, the long-term outlook remains mixed due to significant past underperformance and recent negative financial results.