Why is Kore Digital falling/rising?

As of 17-Oct, Kore Digital Ltd's stock is currently priced at 159.65, reflecting an increase of 14.5, or 9.99%. Despite this recent uptick, the stock has shown a significant decline over the past week and month, with returns of -25.71% and -32.02%, respectively. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. However, there has been a notable rise in investor participation, with delivery volume increasing by 283.88% against the 5-day average. While the company boasts high management efficiency with a return on equity (ROE) of 29.77% and a low debt-to-equity ratio of 0.04, it has faced challenges, including a drastic fall in net sales of -68.78% and negative results for the last two consecutive quarters.
In the broader market context, Kore Digital's performance has significantly lagged behind the benchmark, with a year-to-date return of -72.67% compared to the Sensex's gain of 8.73%. This stark contrast highlights the stock's underperformance, particularly over the last year, where it has generated a return of -78.19%. The company's recent price increase may be attributed to short-term trading activity rather than a fundamental recovery, as the long-term outlook remains concerning due to declining sales and profits. Overall, while the stock has seen a temporary rise, the underlying financial challenges suggest that the broader market sentiment remains cautious.