Why is Saksoft falling/rising?

As of 29-Jul, Saksoft Ltd's stock price is currently at Rs 218.20, reflecting an increase of Rs 8.8 or 4.2%. The stock has shown a trend reversal, gaining after eight consecutive days of decline, and today it outperformed its sector by 4.03%. The stock reached an intraday high of Rs 219.05, indicating positive momentum. Despite this, the stock has experienced a -4.57% return over the past week and a -6.77% return over the past year. However, it has seen a significant increase of 184.60% over the last three years. The company's financials are strong, with a low debt-to-equity ratio and positive quarterly results, including a highest PAT of Rs 30.03 crore and a net sales growth of 23.08%. Nevertheless, the stock faces challenges such as poor long-term growth prospects and minimal domestic mutual fund investment, which may indicate a lack of confidence among institutional investors.
In the broader market context, while Saksoft's recent performance has been positive, it has underperformed the benchmark Sensex over the past week, which declined by only -1.03%. However, over the past month, Saksoft has outperformed the Sensex, gaining 7.89% compared to the benchmark's -3.24%. This suggests that while the stock is experiencing a short-term recovery, it still faces challenges in maintaining investor confidence and participation, as indicated by the falling delivery volume. Overall, the stock's recent rise can be attributed to its strong financial results and a reversal of a prolonged decline, but it remains to be seen if this momentum can be sustained in the face of broader market trends and investor sentiment.