Why is Phantom Digital falling/rising?

As of 23-Jul, Phantom Digital Effects Ltd is experiencing a price increase, currently at 289.25, reflecting a change of 3.55 or 1.24% upward. The stock has shown a positive performance today, outperforming its sector by 1.96%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 0.85%, and over the last month, it has risen significantly by 11.55%. Despite a year-to-date increase of 36.05%, the stock has faced challenges, having underperformed over the past year with a decline of 29.49%. The company has demonstrated strong management efficiency with a high return on equity (ROE) of 26.65% and has reported positive results in the last two quarters, which may contribute to the current upward price movement.
In the broader market context, while Phantom Digital has outperformed its sector recently, it has still lagged behind the overall market, as indicated by the Sensex's modest gain of 0.03% over the past week. The stock's significant underperformance in the last year, where it generated negative returns of 29.49% compared to the BSE500's 1.79% return, highlights the challenges it faces despite its recent positive performance. The decline in investor participation, with a 21.07% drop in delivery volume against the 5-day average, could also pose risks to sustaining this upward momentum. Overall, while the stock is currently rising, its long-term performance and market context suggest caution.