Why is Logica Infoway falling/rising?

As of 12-Aug, Logica Infoway Ltd is experiencing a price increase, currently at Rs 192.50, reflecting a rise of Rs 7.75 or 4.19%. The stock has shown a positive trend today, outperforming its sector by 2.69% and has been gaining for the last two days, with a total return of 7.18% during this period. The stock opened with a significant gain of 5.55% and reached an intraday high of Rs 195. However, despite this upward movement, the stock has had a challenging performance over the longer term, with a decline of 12.48% year-to-date and a 23.00% drop over the past year. Notably, there has been a decrease in investor participation, as indicated by a 29.58% drop in delivery volume compared to the five-day average.
In the broader market context, Logica Infoway's recent performance contrasts with the benchmark Sensex, which has shown a slight decline of 0.59% over the past week and a modest increase of 2.68% year-to-date. While the stock has outperformed the sector today, its longer-term returns remain negative compared to the benchmark, which has gained over the same periods. This suggests that while there may be short-term positive momentum, the overall trend for Logica Infoway remains concerning in the context of broader market performance.