Why is Euphoria Infotec falling/rising?

As of 12-Aug, Euphoria Infotech (India) Ltd is experiencing a price increase, currently at Rs 51.77, reflecting a rise of 2.46 or 4.99%. Despite this positive movement today, the stock has shown a significant decline over the past month, down 16.30%, and a year-to-date decrease of 13.72%. Today's trading activity was characterized by erratic patterns, with the stock opening down 4.99% but reaching an intraday high of Rs 51.77. The stock also touched a low of Rs 46.85, indicating a wide trading range of Rs 4.92. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 54.55% compared to the five-day average, which may contribute to the stock's volatility.
In the broader market context, the stock has underperformed against the benchmark Sensex, which has declined by only 0.59% over the past week. This underperformance is evident in the longer-term returns as well, where Euphoria Infotech has dropped significantly compared to the Sensex's modest gain of 2.68% year-to-date. The stock's performance today, while outperforming its sector by 4.71%, is juxtaposed against a backdrop of declining investor interest and liquidity concerns, suggesting that while there may be short-term gains, the overall trend remains concerning in relation to the broader market.