Why is Tanla Platforms falling/rising?

As of 14-Aug, Tanla Platforms Ltd is experiencing a slight increase in its stock price, currently at 609.45, reflecting a change of 0.45 (0.07%) upward. The stock has shown a trend reversal, gaining after six consecutive days of decline. However, it has underperformed in the short term, with a 1-week return of -5.34% compared to the Sensex's negligible change of -0.03%. The stock is currently trading above its 100-day and 200-day moving averages but below its 5-day, 20-day, and 50-day moving averages. Additionally, there has been a notable decline in investor participation, with delivery volume falling by 41.77% against the 5-day average. Despite a significant drop in returns over the past year (-31.61%), the company maintains a low debt-to-equity ratio and has shown healthy long-term growth in operating profit, which has increased at an annual rate of 142.36%. The recent increase in promoter stake by 1.39% signals rising confidence in the company's future.
In the broader market context, Tanla Platforms' recent performance contrasts with the benchmark, as it has seen a decline of 9.31% year-to-date while the Sensex has gained 3.15%. This underperformance highlights the stock's challenges relative to the overall market. Despite the recent uptick in price, the stock's long-term trajectory remains concerning, especially given its significant losses over the past year and three years compared to the benchmark's gains. The stock's attractive valuation, trading at a discount to peers, along with the rising promoter confidence, may provide some support for future price movements, but the current trends indicate a cautious outlook.