Why is NMS Global falling/rising?

As of 27-Jun, NMS Global Ltd's stock price is rising, currently at Rs 52.76, reflecting an increase of Rs 2.76 or 5.52%. The stock has shown strong performance today, outperforming its sector by 6.14% and opening with a gain of 5.52%. Over the past week, the stock has risen by 8.14%, and in the last month, it has surged by 51.17%. However, despite this recent uptick, the stock has underperformed over the longer term, with a year-to-date decline of 4.07% and a one-year drop of 16.97%. The company's return on capital employed (ROCE) is low at 1.4, and while it trades at a discount compared to peers, it has high debt levels, indicated by a debt-equity ratio of 23.7 times, which raises concerns about its long-term fundamental strength.
Broader Market Context: In comparison to the benchmark Sensex, which has returned 2.00% over the past week and 3.07% over the past month, NMS Global's short-term performance has significantly outpaced the market. However, the stock's long-term performance remains a concern, as it has underperformed the broader market over the past year, where the BSE 500 generated returns of 4.10%. The company's high debt and negative return on equity further complicate its outlook, despite recent gains, suggesting that while the stock is currently rising, underlying financial challenges may limit its sustainability in the long run.