Why is NMS Global falling/rising?

As of 10-Jul, NMS Global Ltd's stock price is rising, currently at Rs 67.18, reflecting an increase of 3.19 (4.99%). The stock has shown strong performance recently, gaining 35.44% over the last seven days and outperforming its sector by 4.39% today. It has also opened with a gain of 4.99% and is trading above its moving averages across various time frames. Despite a one-year return of -34.91%, the company has seen a 32% increase in profits, contributing to a favorable PEG ratio of 0.1, indicating attractive valuation compared to peers. However, the company faces challenges with a high debt-to-equity ratio of 17.22, which suggests weak long-term fundamental strength.
In the broader market context, NMS Global's recent short-term performance contrasts sharply with the Sensex, which has remained relatively flat with a change of -0.06% over the past week. While the stock has gained 23.67% in the last week, the benchmark has not shown significant movement, highlighting the stock's strong relative performance. Despite its recent gains, the company has underperformed the market over the past year, indicating that while current trends are positive, long-term concerns regarding sales growth and profitability persist.