Why is NMS Global falling/rising?

As of 07-Jul, NMS Global Ltd's stock price is rising, currently at Rs 58.33, reflecting an increase of 3.83 (7.03%). The stock has shown strong performance recently, gaining 17.6% over the last four days and outperforming its sector by 6.58% today. It opened with a significant gain of 6.42% and reached an intraday high of Rs 58.33. Despite a negative return of -34.59% over the past year, the stock has seen a remarkable 56.00% increase over the last month, indicating a potential recovery phase. The company's attractive valuation, with a return on capital employed (ROCE) of 2.2 and a PEG ratio of 0.1, suggests it is trading at a discount compared to its peers, which may be contributing to the recent upward movement.
In the broader market context, NMS Global's short-term performance stands in stark contrast to the benchmark, as it has gained 17.27% over the past week while the Sensex has declined by 0.20%. This significant outperformance highlights investor interest despite the company's underlying challenges, such as high debt levels and weak long-term growth metrics. The stock's liquidity remains adequate for trading, although there has been a notable decline in delivery volume, which could indicate falling investor participation. Overall, while the stock is experiencing a rise, it is essential to consider the mixed signals from its financial health and market performance.