Why is Indo-City Info. falling/rising?

As of 01-October, Indo-City Infotech Ltd is experiencing a price increase, currently at 11.70, reflecting a rise of 0.95 or 8.84%. The stock has shown a positive performance today, outperforming its sector by 8.09%, and has gained consecutively over the last two days, resulting in a total return of 10.27% during this period. Despite a year-to-date decline of 25.48% and a one-year drop of 31.10%, the stock has demonstrated strong returns over the longer term, with a 75.15% increase over three years and an impressive 963.64% increase over five years. Positive quarterly results reported on June 25, including the highest PBDIT, PBT, and PAT, have likely contributed to the recent upward movement, although concerns remain regarding the company's long-term fundamental strength and negative EBITDA.
In the broader market context, Indo-City Infotech Ltd's short-term performance has been favorable compared to the benchmark Sensex, which has declined by 0.90% over the past week, while the stock itself has only fallen by 0.43%. However, the stock's long-term performance has been significantly weaker than the market, with a one-year return of -31.10% compared to the Sensex's -3.90%. The stock's liquidity appears adequate for trading, with a notable increase in delivery volume, indicating rising investor participation despite the company's challenges in servicing its debt and generating profitability.