Why is NMS Global falling/rising?

As of 11-Jul, NMS Global Ltd's stock price is rising, currently at 68.79, reflecting an increase of 1.61 or 2.4%. The stock has been on an upward trajectory, gaining for the last eight consecutive days and achieving a remarkable 38.69% return during this period. Today, it opened with a gap up of 4.96% and reached an intraday high of Rs 70.53. The stock has significantly outperformed its sector by 3.45% today and is trading above its moving averages across various time frames. Additionally, the rising investor participation, evidenced by a 172.02% increase in delivery volume compared to the five-day average, suggests growing interest in the stock. Despite a one-year return of -36.52%, the company has shown a 32% increase in profits, and its attractive valuation metrics, such as a PEG ratio of 0.1, indicate potential for recovery.
In the broader market context, NMS Global's recent performance stands in stark contrast to the benchmark, as it has gained 26.22% over the past week while the Sensex has declined by 1.12%. This divergence highlights the stock's strong short-term momentum despite its long-term challenges, including a high debt-to-equity ratio of 17.22 times and poor growth metrics over the last five years. While the stock has underperformed the market over the past year, its recent gains suggest that investors may be looking past these issues in favor of its current valuation and profit growth.