Why is Niyogin Fintech falling/rising?

As of 18-Jul, Niyogin Fintech Ltd is experiencing a price increase, currently at 61.59, which reflects a change of 0.66 or 1.08% upward. The stock has shown strong performance recently, gaining 8.8% over the last four days and outperforming its sector by 1.37% today. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. The company has reported positive results for the last three consecutive quarters, with net sales growing significantly by 74.48%. However, it is important to note that the company has a weak long-term fundamental strength, evidenced by an average return on equity of 0% and negative EBITDA, which could pose risks to its valuation.
In the broader market context, Niyogin Fintech's short-term return of 8.32% over the past month contrasts sharply with the Sensex, which has only increased by 0.38% during the same period. This suggests that the stock is gaining traction relative to the broader market. Despite the positive short-term performance, the stock's year-to-date return remains negative at -14.85%, while the Sensex has gained 4.63%. The high institutional holdings at 21.19% indicate confidence from larger investors, which may contribute to the stock's recent upward movement, but the overall weak long-term growth and negative profitability metrics could temper future performance expectations.