Why is Niyogin Fintech falling/rising?

As of 01-Jul, Niyogin Fintech Ltd's stock price is currently at 59.04, reflecting an increase of 0.18 or 0.31%. The stock has shown a positive trend today, having outperformed its sector by 0.45% and reversing a two-day decline. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish sentiment. Over the past week, the stock has risen by 7.72%, and in the last month, it has gained 20.98%. However, despite these short-term gains, the stock has a year-to-date decline of 18.37% and a one-year decline of 13.19%. The company has reported positive results for the last three consecutive quarters, with net sales growing significantly, although it still faces challenges such as negative EBITDA and weak long-term fundamental strength.
In the broader market context, while Niyogin Fintech has outperformed the sector recently, it has underperformed the benchmark index, Sensex, which has gained 2.00% over the past week and 2.76% over the past month. The stock's long-term performance remains concerning, with a negative return of 13.19% over the past year compared to the market's positive return of 3.20%. Additionally, the stock's high institutional holdings, which have increased by 6.06%, suggest that more sophisticated investors are optimistic about its potential, despite the overall weak long-term growth indicators.