Why is Tanla Platforms falling/rising?

As of 23-Jul, Tanla Platforms Ltd is experiencing a price increase, currently at Rs 678.60, reflecting a change of 4.15 (0.62%) upward. The stock has shown a positive performance today, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock's delivery volume has risen by 3.11% compared to the 5-day average, indicating increased investor participation. Over the past week, the stock has gained 3.03%, outperforming the Sensex, which has only increased by 0.11%. However, it is important to note that the stock has a negative return of -28.05% over the past year, despite a healthy long-term growth rate in operating profit of 38.39% annually.
In the broader market context, while Tanla Platforms has shown a strong short-term return compared to the Sensex, it has underperformed over the longer term, with a -28.16% return over three years against the Sensex's 47.54%. The company's low debt-to-equity ratio and rising promoter confidence, with a 1.39% increase in stake, suggest a positive outlook for the future, contributing to the stock's recent upward movement. Despite the recent gains, the stock is still trading at a discount compared to its peers, which may attract further investor interest.