Why is Mahaveer Infoway falling/rising?

As of 01-Oct, Mahaveer Infoway Ltd's stock price is rising, currently at Rs. 13.10, reflecting an increase of 0.6 or 4.8%. The stock has recently hit a new 52-week high of Rs. 13.12 and has outperformed its sector by 4.05%. Over the last three days, it has gained 15.42%, and its performance over the past week shows a remarkable increase of 16.44%. However, despite this positive momentum, there are concerns regarding the company's long-term fundamental strength, as indicated by a low average Return on Capital Employed (ROCE) of 3.11% and a negative EBIT to Interest ratio, suggesting challenges in servicing its debt.
Broader market context indicates that while Mahaveer Infoway has shown strong returns in the short term, outperforming the Sensex by a significant margin, the overall market has been relatively flat with a slight decline of 0.90% in the same period. The stock's impressive performance over the past year, with a return of 49.20%, contrasts with the Sensex's decline of 3.90%, highlighting its market-beating capabilities. However, the falling investor participation, evidenced by a significant drop in delivery volume, raises questions about the sustainability of this upward trend in the face of weak long-term growth indicators.