Why is Paisalo Digital falling/rising?

As of 23-Sep, Paisalo Digital Ltd's stock price is rising, currently at 40.02, reflecting an increase of 1.5 or 3.89%. Today's performance indicates a positive trend, as the stock has gained after two consecutive days of decline and opened with a gain of 2.49%. It reached an intraday high of Rs 40.64, representing a 5.5% increase. The stock has outperformed its sector by 3.56% today and is trading above its moving averages across various time frames. Despite a year-to-date decline of 19.64%, the stock has shown a significant 31.91% increase over the past month, indicating a potential recovery. The company's strong long-term fundamentals, with a 21.63% CAGR growth in operating profits and an attractive valuation, contribute positively to its recent price movement. However, the high debt-equity ratio and the fact that 26.18% of promoter shares are pledged may exert downward pressure on the stock.
In the broader market context, Paisalo Digital's short-term return of 4.60% over the past week contrasts sharply with the Sensex, which has seen a decline of 0.34%. While the stock has underperformed the market over the past year with a return of -34.35% compared to the Sensex's -3.33%, its recent performance suggests a potential turnaround. The stock's liquidity remains adequate, supporting trading activity, and the rising investor participation indicates renewed interest, which may help sustain its upward momentum in the near term.