Why is Saksoft falling/rising?

As of 02-Jul, Saksoft Ltd's current price is 199.55, reflecting a slight increase of 0.1 (0.05%). The stock has shown a trend reversal by gaining after three consecutive days of decline. It is currently trading higher than its 20-day, 50-day, and 100-day moving averages, but lower than its 5-day and 200-day moving averages. Additionally, there has been a rise in investor participation, with delivery volume increasing by 10.7% against the 5-day average. Despite a year-to-date return of -8.04% and a one-year return of -12.89%, the company reported positive quarterly results, including the highest net sales and profit after tax in its history, which may contribute to the recent price movement.
In the broader market context, Saksoft has underperformed compared to the benchmark, with a one-year return of -12.89% against the Sensex's positive return of 5.00%. This underperformance, coupled with a low stake from domestic mutual funds, suggests a lack of confidence in the stock's long-term growth potential. While the company has demonstrated attractive valuations and rising profits, concerns regarding its long-term growth and relatively poor performance compared to the market may continue to weigh on investor sentiment.