Why is Kore Digital falling/rising?

As of 11-Sep, Kore Digital Ltd's stock price is currently at 229.10, reflecting an increase of 12.3 or 5.67%. Despite this positive movement today, the stock has shown a significant decline over the past month, with a return of -18.59%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 64.41% compared to the 5-day average. The company has reported a high management efficiency with a return on equity (ROE) of 29.77% and a low debt-to-equity ratio of 0.04, but it has also faced severe challenges, including a drastic fall in net sales by 68.78% and negative results for the last two consecutive quarters, contributing to a year-to-date decline of 60.78%.
In the broader market context, Kore Digital's short-term performance of +3.31% over the past week has outperformed the Sensex, which increased by only 1.10%. However, the stock's long-term performance remains concerning, with a staggering -74.48% return over the past year, significantly underperforming the benchmark. The negative financial results and declining sales have overshadowed the company's attractive valuation metrics, leading to a lack of confidence among investors. Overall, while there are some positive indicators, the overwhelming negative factors contribute to the stock's volatility and uncertain outlook.