Why is Odigma Consultan falling/rising?

As of 20-Oct, Odigma Consultancy Solutions Ltd is experiencing a price increase, currently at Rs 42.33, which reflects a rise of 1.91 or 4.73%. The stock has shown a positive performance today, outperforming its sector by 4.52% and has gained consecutively over the last two days, with a total return of 5.27% during this period. However, it opened the day with a loss of 3.12% and reached an intraday low of Rs 39.16 before recovering. Despite this recent uptick, the stock has struggled over the longer term, with a 1-month decline of 20.85% and a year-to-date drop of 38.39%. The company has a low debt-to-equity ratio and has shown healthy long-term growth with an annual operating profit increase of 72.00%. However, it also faces challenges such as poor management efficiency indicated by a low return on equity (ROE) of 0.37% and negative financial results from the previous quarter, which may contribute to investor caution.
In the broader market context, the stock's short-term performance contrasts with the benchmark Sensex, which has gained 2.47% over the past week and 2.10% over the past month. This suggests that while Odigma's stock is currently rising, it has underperformed significantly compared to the market overall in recent periods. The falling investor participation, with a notable drop in delivery volume, indicates a lack of confidence among investors, which could further impact the stock's stability moving forward. Overall, while there is a temporary rise in price, the underlying financial challenges and market conditions suggest a cautious outlook for Odigma Consultancy Solutions Ltd.