Why is NIIT Learning falling/rising?

As of 23-Sep, NIIT Learning Systems Ltd is experiencing a price increase, with its current price at Rs 326.60, reflecting a rise of Rs 6.2 or 1.94%. Today's price summary indicates that the stock has outperformed its sector by 3.21% and has shown a trend reversal after four consecutive days of decline, reaching an intraday high of Rs 330.3. Despite this positive movement, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 2.64%, while it has seen a year-to-date drop of 27.18%. However, the company maintains a high management efficiency with a return on equity (ROE) of 20.84%, a low debt-to-equity ratio, and attractive valuations compared to peers, which may contribute to investor confidence.
In the broader market context, NIIT Learning's recent performance contrasts with the Sensex, which has seen a slight decline of 0.34% over the past week. While the stock has underperformed the benchmark over the past month and year, the rising investor participation, indicated by a 10.66% increase in delivery volume, suggests a growing interest in the stock. High institutional holdings at 39.65% further support this interest, as these investors typically have better resources to analyze the company's fundamentals. Overall, while the stock has faced significant declines over the longer term, recent movements and positive factors may indicate a potential recovery phase.