Why is Response Info. falling/rising?

As of 11-Jul, Response Informatics Ltd's stock price is currently at Rs 35.00, reflecting an increase of Rs 1.49 or 4.45%. Today, the stock has shown a trend reversal, gaining after four consecutive days of decline, and it outperformed its sector by 6.96%. The stock reached an intraday high of Rs 37.5, indicating significant volatility with an intraday fluctuation of 6.38%. Despite this positive movement, the stock has underperformed over the past week and month, with declines of 7.82% and 4.11%, respectively. The company has demonstrated strong management efficiency and a healthy long-term growth trajectory, with net sales growing at an annual rate of 72.80%. However, it has also faced challenges, including a significant drop in net sales in the last quarter and a substantial decline in stock returns over the past year.
In the broader market context, the Sensex has experienced a minor decline of 1.12% over the past week, while Response Informatics Ltd's performance has been notably worse, suggesting that the stock's recent rise may be a corrective bounce rather than a sign of a sustained recovery. The stock's year-to-date performance shows a stark contrast, with a decline of 35.04% compared to the Sensex's gain of 5.58%. This underperformance highlights the challenges the company faces in regaining investor confidence, despite its attractive valuation and strong operational metrics. The rising investor participation, indicated by a 145.61% increase in delivery volume, may suggest a potential shift in sentiment, but the overall long-term outlook remains cautious given the recent flat results and historical underperformance.