Why is Kore Digital falling/rising?

As of 02-Jul, Kore Digital Ltd's stock price is currently at 329.85, reflecting an increase of 18.6, or 5.98%. Today's performance indicates that the stock has outperformed its sector by 5.84%. The stock is trading higher than its 5-day, 20-day, and 50-day moving averages, although it remains below its 100-day and 200-day moving averages. Despite this positive movement, there has been a decline in investor participation, with delivery volume falling by 8.63% compared to the 5-day average. The company has a high return on equity (ROE) of 29.77% and a low debt-to-equity ratio, which suggests strong management efficiency and an attractive valuation. However, the stock has suffered a significant decline over the past year, with a return of -44.41%, largely due to a drastic fall in net sales of -66.04% and negative quarterly results.
In the broader market context, Kore Digital's short-term return of +5.79% over the past month contrasts with the Sensex's return of +2.98%, indicating that the stock has been performing better than the benchmark in the short term. However, it is important to note that the stock has underperformed the market over the last year, where the BSE500 has generated returns of 3.11%. This underperformance, coupled with the company's recent negative financial results, suggests that while there may be short-term gains, the long-term outlook remains concerning, impacting investor sentiment and overall stock performance.