Why is Objectone Inform falling/rising?

As of 24-Jul, Objectone Information Systems Ltd is experiencing a price increase, currently trading at 11.50, which reflects a rise of 0.21 or 1.86%. The stock has shown strong performance in the short term, with a 7.08% increase over the past week and a 15.69% increase over the past month, significantly outperforming the Sensex, which has seen a slight decline of 0.09% over the same week. However, despite this positive short-term performance, there has been a notable decline in investor participation, with delivery volume falling by 79.14% against the 5-day average. The stock is also trading above its moving averages, indicating a positive trend. While the stock has generated a negative return of 17.56% over the past year, its profits have surged by 180.5%, suggesting a potential for recovery given its attractive valuation metrics, including a low Price to Book Value of 0.7 and a PEG ratio of 0.1.
In the broader market context, Objectone's recent performance contrasts sharply with the Sensex, which has only increased by 0.16% over the past month. The stock's ability to outperform the sector today by 3.37% indicates a positive sentiment among investors, despite its long-term underperformance relative to the market, where it has lagged behind the BSE500's 0.99% return over the past year. The company's weak long-term fundamentals, including a low average Return on Equity (ROE) of 6.71% and a poor EBIT to Interest ratio, raise concerns about its sustainability. Nevertheless, the current upward movement may be driven by short-term trading dynamics and the attractive valuation compared to peers, even as the stock grapples with its long-term growth challenges.