Why is PDS falling/rising?

As of 30-Oct, PDS Ltd's stock price is currently at 368.15, reflecting an increase of 21.35, or 6.16%. The stock has shown strong performance recently, outperforming its sector by 6.7% today and achieving a consecutive gain over the last two days with a total return of 11.75%. In the past week, the stock has risen by 9.05%, while over the past month, it has increased by 15.72%. Despite these positive movements, the stock has faced challenges, including a significant decline in profits over the past year, with a return of -32.57% and a drop in both profit before tax and profit after tax in the latest quarter. However, the company maintains a high management efficiency with a return on capital employed (ROCE) of 19.99% and a low debt to EBITDA ratio, indicating a strong ability to service its debt.
In the broader market context, PDS Ltd's recent performance contrasts sharply with the Sensex, which has seen a slight decline of 0.18% over the past week. While PDS has managed to outperform the benchmark in the short term, it has underperformed in the long term, with a -36.31% return year-to-date compared to the Sensex's 8.02% gain. Additionally, the decrease in institutional investor participation, which has fallen by 1.02% over the previous quarter, may reflect a lack of confidence in the stock's long-term prospects, despite its current positive momentum.