Why is Nihar Info Glob. falling/rising?

As of 01-Oct, Nihar Info Global Ltd is experiencing a price increase, currently at 6.27, which reflects a rise of 0.29 or 4.85%. The stock has shown strong performance recently, outperforming its sector by 4.1% today and achieving a consecutive gain over the last two days, with a total return of 10% during this period. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, despite this positive short-term movement, the company faces significant challenges, including weak long-term fundamentals, a negative Return on Capital Employed (ROCE) of 0%, and a concerning average EBIT to Interest ratio of -2.22. Additionally, 26.9% of promoter shares are pledged, which could exert downward pressure in adverse market conditions.
In the broader market context, Nihar Info Global Ltd has outperformed the Sensex over the past week, gaining 4.67% compared to the benchmark's decline of 0.90%. However, the stock's year-to-date performance shows a modest increase of 0.32%, while the Sensex has risen by 3.64%. This indicates that while the stock is currently gaining traction, it still lags behind the benchmark in terms of longer-term performance. The significant drop in delivery volume by 76.12% against the 5-day average suggests a decrease in investor participation, which could be a concern for future price stability.