Why is PS IT Infra falling/rising?

As of 07-Aug, PS IT Infrastructure & Services Ltd is experiencing a price increase, with its current price at 1.24, reflecting a change of 0.02 or 1.64% upward. The stock has shown strong performance recently, gaining 14.81% over the last seven days and outperforming its sector by 2.36% today. Additionally, the stock has had impressive returns over the past week and month, with increases of 8.77% and 39.33%, respectively. However, it is important to note that the stock has seen a significant decline year-to-date and over the past year, with losses of 61.73% and 84.30%, respectively. The delivery volume has notably decreased by 95.5% against the 5-day average, indicating falling investor participation, which could impact future price movements.
In the broader market context, while PS IT Infrastructure & Services Ltd has outperformed the Sensex in the short term, with a 1-week return of 8.77% compared to the benchmark's decline of 0.69%, the stock's long-term performance remains concerning. The stock's year-to-date decline of 61.73% starkly contrasts with the Sensex's modest gain of 3.18%, highlighting the challenges the company faces despite its recent gains. The liquidity of the stock appears adequate for trading, but the significant drop in delivery volume suggests that investor confidence may be wavering, which could affect its future performance.