Why is Rategain Travel falling/rising?

As of 08-Jul, Rategain Travel Technologies Ltd is experiencing a price increase, with its current price at Rs 468.35, reflecting a rise of Rs 8.15 or 1.77%. Today's performance indicates that the stock has outperformed its sector by 1.5% and has shown a trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 476.85, marking a 3.62% increase. Over the past week, the stock has gained 4.05%, while its one-month return stands at 5.18%. Despite this positive short-term performance, the stock has faced significant challenges, with a year-to-date decline of 35.31% and a one-year drop of 40.32%. The company's fundamentals appear strong, with a low debt-to-equity ratio, consistent profit growth, and a favorable PEG ratio of 0.6, suggesting it is undervalued compared to peers.
In the broader market context, Rategain's short-term returns have significantly outperformed the Sensex, which has only increased by 0.02% over the past week. However, the stock's long-term performance remains concerning, as it has underperformed the BSE500 over various time frames, including the last three years and one year. The recent increase in stock price may be attributed to positive investor sentiment driven by the company's healthy financial metrics, including a 23.12% growth in PAT and a high ROCE of 16.10%. Nonetheless, the falling investor participation, indicated by a 77.62% drop in delivery volume compared to the five-day average, raises questions about the sustainability of this upward movement.