Why is Elnet Technolog falling/rising?

As of 25-Aug, Elnet Technologies Ltd is experiencing a price increase, currently at Rs 393.55, reflecting a rise of 3.8 points or 0.97%. The stock has shown a positive trend, gaining 4.11% over the last three days, and it has outperformed the Sensex with a 1-week return of 3.91% compared to the benchmark's 0.45%. Despite this, the stock underperformed its sector by 1.43% today. It is noteworthy that Elnet Technologies is trading above all its moving averages, indicating a strong upward momentum. The company also maintains a low debt-to-equity ratio, which is favorable for its financial health, and has consistently outperformed the BSE500 over various time frames, contributing to its recent positive performance.
In the broader market context, Elnet Technologies' short-term performance is significantly better than the Sensex, with a 1-week return of 3.91% versus the benchmark's 0.45%. However, the stock's year-to-date performance is lagging, showing a decline of 4.25% compared to the Sensex's gain of 4.48%. The IT - Software sector has seen a gain of 2.37%, which supports the stock's recent rise, but a notable decline in investor participation, with a 31.39% drop in delivery volume, could indicate potential concerns about sustained interest in the stock. Overall, while the stock is currently rising, the mixed signals from investor participation and sector performance suggest a cautious outlook.