Why is NMS Global falling/rising?

As of 02-Jul, NMS Global Ltd's stock price is rising, currently at Rs 52.15, reflecting an increase of Rs 2.55 or 5.14%. The stock has shown a positive trend today, gaining after two consecutive days of decline and opening with a significant gain of 4.84%. Over the past week, it has outperformed the sector by 4.37%, and its one-month return stands at an impressive 49.00%. However, despite this recent uptick, the stock has underperformed over the past year with a decline of 32.31%. The company's attractive valuation, indicated by a low PEG ratio of 0.1 and a return on capital employed of 2.2, suggests potential for growth, although it is trading at a discount compared to its peers. Nonetheless, high debt levels, reflected in a debt-equity ratio of 17.22, raise concerns about its long-term fundamental strength.
In the broader market context, the stock's short-term performance has significantly outpaced the benchmark Sensex, which has only risen by 0.79% over the past week. While NMS Global's recent gains are noteworthy, the company has struggled with poor long-term growth metrics, including a net sales decline of 52.91% over the last six months and an annual operating profit decrease of 13.31%. The stock's liquidity remains adequate, but falling investor participation, as indicated by an 84.74% drop in delivery volume, may pose challenges ahead. Overall, while the stock is experiencing a short-term rise, underlying issues such as high debt and inconsistent sales growth could impact its future performance.