Why is Logica Infoway falling/rising?

As of 01-Sep, Logica Infoway Ltd is experiencing a price increase, currently at Rs 206.30, which reflects a rise of Rs 8.3 or 4.19%. The stock has shown a positive performance today, outperforming its sector by 4.63% and has gained consecutively over the last two days, achieving a total return of 9.91% during this period. Additionally, the stock opened with a gain of 4.55% today and reached an intraday high of Rs 207. Despite some erratic trading, with the stock not trading on 2 out of the last 20 days, there has been a notable increase in investor participation, with delivery volume rising by 28.21% compared to the 5-day average. However, the stock's longer-term performance remains concerning, with a year-to-date decline of 6.21% and a one-year drop of 19.73%.
In the broader market context, Logica Infoway's short-term performance over the past month shows a gain of 4.77%, contrasting with the Sensex, which has seen a slight decline of 0.29% in the same period. This indicates that Logica Infoway is currently outperforming the benchmark index in the short term, despite its negative year-to-date and one-year returns. The stock's movement is also supported by its trading above the 5-day and 20-day moving averages, although it remains below the longer-term moving averages. Overall, while the stock is currently rising, its historical performance suggests caution for investors.