Why is Odigma Consultan falling/rising?

As of 04-Sep, Odigma Consultancy Solutions Ltd is experiencing a price increase, currently at Rs 33.48, reflecting a rise of 1.59 (4.99%). The stock has shown a strong performance today, outperforming its sector by 5.35% and has gained consecutively for the last three days, accumulating a total return of 10.5% during this period. However, despite this recent uptick, the stock has a negative year-to-date return of -51.27%, indicating significant long-term challenges. The company has reported operating losses and weak long-term fundamental strength, with a poor EBIT to Interest ratio of 0.08, which negatively impacts investor sentiment. Additionally, the recent quarterly results showed a substantial decline in net sales and operating profit, contributing to concerns about the company's financial health.
In the broader market context, the stock's short-term return of +9.81% over the past week significantly outpaces the Sensex, which has only increased by 0.80% during the same period. This suggests that while the stock is currently gaining traction, it is still facing challenges in the long term, as evidenced by its year-to-date performance compared to the benchmark's +3.30%. The falling investor participation, indicated by a decrease in delivery volume, may also signal caution among investors despite the recent price rise. Overall, while there are short-term gains, the underlying financial issues and weak growth prospects continue to cast a shadow over the stock's future performance.