Why is Logica Infoway falling/rising?

As of 29-Aug, Logica Infoway Ltd has experienced a price increase, currently standing at Rs 198.00, reflecting a rise of Rs 10.3 or 5.49%. Today's trading performance indicates that the stock outperformed its sector by 4.3% and opened with a gain of 3.89%. However, despite this positive movement, the stock has shown erratic trading patterns, having not traded on 3 out of the last 20 days. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a longer-term bearish trend. The delivery volume has significantly decreased by 89.58% against the 5-day average, indicating falling investor participation, which could negatively impact future price movements.
In the broader market context, Logica Infoway's short-term performance over the past week shows a decline of 1.71%, which is slightly better than the benchmark Sensex's decline of 1.84%. Over the past month, the stock has decreased by 4.35%, while the Sensex has also fallen by 1.88%. Year-to-date, Logica Infoway is down 9.98%, contrasting sharply with the Sensex's gain of 2.14%. This underperformance relative to the benchmark may contribute to investor caution, despite today's price increase. Overall, while there are short-term gains, the long-term trends and declining participation suggest a complex situation for Logica Infoway.