Why is Paisalo Digital falling/rising?

As of 09-Jul, Paisalo Digital Ltd's stock price is currently at Rs 31.62, reflecting an increase of Rs 1.16 or 3.81%. The stock has shown a positive performance today, outperforming its sector by 3.43% and reversing a trend after two consecutive days of decline. It reached an intraday high of Rs 34.2, marking a 12.28% increase. However, despite today's gains, the stock has experienced a significant decline over the past year, with a return of -57.25%. The company has strong long-term fundamentals, evidenced by a 20.90% CAGR growth in operating profits and a PEG ratio of 1.3, indicating attractive valuation. Nonetheless, concerns such as a high debt-equity ratio of 2.32 times and 28.43% of promoter shares being pledged may exert downward pressure on the stock.
In the broader market context, the stock's short-term return of +2.00% over the past week contrasts with the Sensex's modest gain of +0.15%, suggesting that Paisalo Digital is performing better than the benchmark in the short term. However, the stock's long-term performance remains concerning, as it has underperformed the BSE500 over the last three years, one year, and three months. This underperformance, coupled with falling investor participation and high volatility, indicates that while there may be short-term gains, the overall outlook for the stock remains challenging in the context of broader market trends.