Why is Logica Infoway falling/rising?

As of 28-Oct, Logica Infoway Ltd's stock price is rising, currently at Rs 218.00, reflecting an increase of Rs 8.35 or 3.98%. The stock has shown a strong performance today, outperforming its sector by 4.86% and opening with a gain of 4.94%. It reached an intraday high of Rs 220, although it also touched a low of Rs 200 during the day. The stock's recent performance over the past week shows a notable increase of 11.59%, while it has had a slight decline of 0.91% over the past month. The delivery volume has significantly increased by 108.33% against the 5-day average, indicating rising investor participation. However, it is important to note that the stock's performance year-to-date and over the past year has been negative, with declines of 0.89% and 6.76%, respectively.
Broader Market Context: In comparison to the benchmark Sensex, which has increased by 0.24% over the past week and 5.22% over the past month, Logica Infoway's short-term return is significantly stronger. This suggests that while the broader market has been relatively stable, Logica Infoway has managed to capture investor interest and outperform its sector in the short term. Despite its recent gains, the stock's longer-term performance remains under pressure, as indicated by its negative returns over the past month and year, contrasting with the Sensex's positive trajectory.