Why is IB Infotech falling/rising?

As of 04-Sep, IB Infotech Enterprises Ltd is experiencing a price increase, currently at 168.20, reflecting a rise of 5.5 or 3.38%. Today's performance indicates a positive trend, as the stock has outperformed its sector by 2.98% and has gained after three consecutive days of decline. The stock reached an intraday high of Rs 178.95, marking a significant increase of 9.99%. Despite this upward movement, it is important to note that the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Positive factors contributing to this rise include high management efficiency, a robust annual growth rate in net sales, and increased promoter confidence, with promoters raising their stake by 0.55% in the last quarter.
Broader Market Context: In the short term, IB Infotech has shown a return of +1.17% over the past week, outperforming the Sensex, which has returned +0.80%. However, the stock has underperformed significantly over the year, with a return of -18.92% compared to the Sensex's -1.98%. This stark contrast highlights the stock's volatility and the challenges it faces despite recent positive developments. The overall market context suggests that while there are encouraging signs in the company's performance, the long-term outlook remains cautious due to its substantial underperformance relative to broader market trends.