Why is InfoBeans Tech. falling/rising?

As of 16-Jul, InfoBeans Technologies Ltd is experiencing a price increase, currently at Rs 389.70, reflecting a rise of 11.7 points or 3.1%. The stock has shown a positive performance today, outperforming its sector by 2.63% and achieving a consecutive gain over the last two days with a total return of 6.49%. It has also reached an intraday high of Rs 389.70. Despite this upward movement, the stock has underperformed in the longer term, with a year-to-date decline of 5.18% and a one-year drop of 15.01%. However, the company has reported positive financial results over the last five quarters, with a significant growth in profit after tax and net sales, contributing to its attractive valuation compared to peers.
In the broader market context, the stock's short-term return of 2.55% over the past week contrasts with the Sensex, which has declined by 1.08% during the same period. This indicates that InfoBeans Technologies Ltd is performing relatively well against the benchmark in the short term. However, the company has faced challenges in the long term, with a poor growth rate in operating profit and a lack of investment from domestic mutual funds, which may reflect concerns about its future prospects. Overall, while the recent price increase is encouraging, the stock's historical underperformance and the broader market conditions suggest a cautious outlook.