Why is PDS falling/rising?

As of 12-Nov, PDS Ltd's stock price is currently at 401.10, reflecting an increase of 45.0, or 12.64%. Today's performance indicates a trend reversal as the stock has gained after three consecutive days of decline. It has outperformed its sector by 11.08% today and reached an intraday high of Rs 406.75. However, despite this positive movement, the stock has shown a year-to-date decline of 30.61% and a one-year decline of 23.22%, indicating significant challenges over a longer period. The company has demonstrated high management efficiency with a return on capital employed (ROCE) of 22.49% and a strong ability to service debt, but it has also faced negative results in its latest quarterly earnings, with a substantial drop in profit before tax and profit after tax.
In the broader market context, PDS Ltd's short-term return of 6.22% over the past week significantly outpaces the Sensex's return of 1.21% during the same period. However, the stock's long-term performance has been lackluster, underperforming the market over the past year, where the BSE500 index generated returns of 6.33%. Additionally, there has been a decrease in institutional investor participation, which may reflect a lack of confidence in the stock's recovery potential. The combination of high volatility, falling investor participation, and recent negative earnings results suggests that while there may be short-term gains, the stock faces ongoing challenges that could impact its future performance.