Why is Objectone Inform falling/rising?

As of 22-Jul, Objectone Information Systems Ltd is experiencing a price increase, currently at 11.35, which reflects a rise of 0.73 or 6.87%. The stock has shown a positive trend today, outperforming its sector by 7.09% and reversing a two-day decline. Over the past week, the stock has gained 3.18%, and in the last month, it has risen by 13.05%. Despite a significant drop of 21.02% over the past year, the company's profits have surged by 180.5%, leading to a very attractive valuation with a Price to Book Value of 0.7. Additionally, promoter confidence is evident as they have increased their stake by 3.64%, indicating optimism about the company's future.
In the broader market context, Objectone's short-term performance contrasts sharply with the benchmark Sensex, which has declined by 0.47% over the past week. While the stock has shown resilience in the short term, it has underperformed the market over the last year, where the Sensex has gained 2.09%. The stock's liquidity remains sufficient for trading, although there has been a notable decline in investor participation, with delivery volume dropping by 78.2% against the five-day average. This combination of factors suggests that while there is some positive momentum, concerns about long-term fundamentals and recent declines in trading activity may temper investor enthusiasm.