Why is NMS Global falling/rising?

As of 22-Jul, NMS Global Ltd's stock price is currently at Rs 73.00, reflecting an increase of Rs 1.1 or 1.53%. The stock has shown strong performance recently, with a 1-week return of +16.24% and a 1-month return of +49.62%. Today's trading saw the stock reach an intraday high of Rs 74.5, although it also dipped to a low of Rs 70. The stock is trading above all its moving averages, indicating a bullish trend. However, there is a notable decline in investor participation, with delivery volume falling by 81.4% compared to the 5-day average. Despite a negative return of -20.66% over the past year, the stock's profits have increased by 32%, and it is trading at a discount compared to its peers, which may contribute to its recent upward movement.
In the broader market context, the Sensex has experienced a slight decline of -0.47% over the past week, while NMS Global has significantly outperformed this benchmark. The stock's strong short-term returns contrast sharply with its long-term performance, where it has underperformed the market over the past year. The company's high debt levels and weak long-term growth metrics, such as a Debt-Equity Ratio of 17.22 times and a low Return on Equity, raise concerns about its fundamental strength. Nonetheless, the attractive valuation and recent profit growth may be driving investor interest, contributing to the stock's rise despite its overall negative performance in the longer term.