Why is NILE falling/rising?

As of 15-Jul, NILE Ltd's stock price is rising, currently at 1,781.85, reflecting an increase of 152.05 or 9.33%. The stock has shown strong performance today, outperforming its sector by 9.21%, and has gained consecutively over the last two days with a total return of 13.27%. It reached an intraday high of Rs 1850, indicating significant volatility with a range of Rs 239. Additionally, the stock is trading above all its moving averages, and there has been a notable increase in investor participation, with delivery volume rising by 157.23% compared to the five-day average. While the stock has underperformed over the past year with a return of -12.95%, its profits have increased by 16.7%, and it maintains a low Debt to EBITDA ratio, which supports its ability to service debt.
In the broader market context, NILE's short-term return of +12.07% over the past week contrasts sharply with the Sensex, which has declined by 1.36% during the same period. This suggests that NILE is gaining traction against a backdrop of market weakness. However, despite its recent gains, the stock has struggled with long-term growth, as evidenced by a modest annual net sales growth of 9.18% over the last five years and a flat performance in the most recent quarter. Furthermore, the lack of investment from domestic mutual funds may indicate a lack of confidence in the stock's valuation, despite its current positive momentum.