Why is Softtech Enginee falling/rising?

As of 27-Jun, Softtech Engineers Ltd's stock price is currently at Rs 387.50, reflecting an increase of Rs 5.5 or 1.44%. The stock has shown a positive trend, gaining for the last three consecutive days with a total return of 4.91% during this period. Despite touching an intraday low of Rs 371.15, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish momentum. However, the stock has experienced a significant decline of 26.89% year-to-date, despite generating a modest 4.36% return over the past year. The company's weak long-term fundamentals, including a negative CAGR growth in operating profits and low return on equity, may contribute to investor caution, as indicated by the lack of domestic mutual fund investment.
In the broader market context, Softtech Engineers Ltd has outperformed the Sensex in the short term, with a 1-week return of 3.29% compared to the benchmark's 2.00%. However, the stock's year-to-date performance is notably poor against the Sensex's 7.58% gain. The recent rise in stock price may be attributed to short-term trading activity rather than strong underlying fundamentals, as evidenced by falling investor participation and a significant drop in delivery volume. Overall, while the stock is currently experiencing a rise, the long-term outlook remains uncertain due to its weak financial metrics and lack of institutional support.