Why is Syschem (India) falling/rising?

As of 29-Aug, Syschem (India) Ltd is experiencing a price increase, currently at Rs 57.49, which reflects a rise of 1.93 or 3.47%. The stock has shown a positive trend today, outperforming its sector by 3.92% and reversing a two-day decline. It reached an intraday high of Rs 57.5, and it is trading above its moving averages across various time frames. Over the past week, the stock has gained 3.05%, and over the past month, it has surged by 25.31%, while the broader market has faced declines. The company has demonstrated strong financial performance, with net sales growing at an annual rate of 37.96% and a remarkable net profit increase of 1092.86%. However, it faces challenges with low management efficiency, reflected in a return on equity of only 5.12%, and a high price-to-book value ratio.
In the broader market context, Syschem (India) has significantly outperformed the benchmark Sensex, which has declined by 1.84% over the past week and 1.88% over the past month. While the stock has generated a return of 17.14% over the past year, the benchmark has seen a negative return of 2.83%. This strong performance amidst a generally declining market indicates that investor sentiment towards Syschem remains positive, driven by its robust financial results and growth potential, despite concerns regarding its valuation and management efficiency.