Why is Logica Infoway falling/rising?

As of 13-Aug, Logica Infoway Ltd's stock price is currently at 199.00, reflecting an increase of 6.5, or 3.38%. The stock has been on an upward trend, gaining for the last three days and achieving a total return of 10.8% during this period. It opened with a significant gain of 6.49% today and reached an intraday high of Rs 205. However, despite this positive movement, the stock's performance over the past month shows a decline of 6.90%, and it has experienced a year-to-date drop of 9.52%. Additionally, there has been a decrease in investor participation, with delivery volume falling by 19.12% compared to the five-day average, which may indicate some caution among investors.
In the broader market context, Logica Infoway's short-term performance has outpaced the Sensex, which remained flat with a change of -0.01% over the past week. While the stock has shown resilience in the short term, its longer-term performance is concerning, with a decline of 20.06% over the past year compared to a 2.01% increase in the Sensex. This contrast highlights the stock's volatility and the challenges it faces in regaining investor confidence, despite recent gains.