Why is Indian Infotech falling/rising?

As of 06-Aug, Indian Infotech and Software Ltd is experiencing a price increase, with its current price at 1.19, reflecting a change of 0.02 or 1.71% upward. The stock has shown strong performance in the short term, with a 5.31% increase over the past week and a 15.53% rise over the past month, significantly outperforming the Sensex, which has declined by 1.15% and 3.46% respectively during the same periods. Additionally, the stock is trading above its moving averages across various time frames, indicating a positive trend. Notably, there has been a substantial increase in investor participation, with delivery volume rising by 104.74% compared to the 5-day average, suggesting heightened interest and confidence among investors.
In the broader market context, while Indian Infotech has shown impressive short-term returns, it has underperformed the benchmark Sensex on a year-to-date basis, with a decline of 10.53% compared to the Sensex's gain of 3.08%. This contrast highlights the stock's volatility and potential challenges in the longer term, as evidenced by its 1-year and 3-year returns, which are significantly negative compared to the benchmark. However, the current upward movement in price and performance indicates a potential recovery phase, driven by increased trading activity and positive sentiment among investors.