Why is Paisalo Digital falling/rising?

As of 24-Jul, Paisalo Digital Ltd's stock price is rising, currently at Rs 35.42, reflecting an increase of Rs 3.1 or 9.59%. The stock has shown strong performance recently, gaining 14.26% over the last three days and outperforming its sector by 10.33% today. Despite a significant decline of 49.07% over the past year, the company has demonstrated a 21.63% compound annual growth rate in operating profits, and its price-to-book value of 2.1 suggests an attractive valuation compared to peers. However, the stock's high debt-equity ratio of 2.32 times and a recent decline in profit after tax by 5.5% may contribute to investor caution.
In the broader market context, while the Sensex has remained relatively flat with a 0.16% increase over the past month, Paisalo Digital has outperformed with a 16.55% rise in the same period. This indicates that the stock's recent gains are not merely a reflection of overall market trends but rather specific factors related to the company's performance and investor sentiment. The stock's volatility, with an intraday fluctuation of 6.88%, alongside rising investor participation, suggests a dynamic trading environment that may be attracting attention despite the company's long-term underperformance relative to broader indices.