Why is Tanla Platforms falling/rising?

As of 17-Sep, Tanla Platforms Ltd is experiencing a price increase, currently at Rs 698.65, reflecting a rise of 9.85 or 1.43%. The stock has shown a positive trend, gaining 1.45% over the last two days and outperforming its sector by 0.78%. It has also touched an intraday high of Rs 711, indicating strong performance. Despite a year-to-date return of 3.97%, the stock has faced challenges over the past year, with a decline of 25.96% in profits. However, the company's low debt-to-equity ratio and healthy long-term growth, with operating profit increasing at an annual rate of 142.36%, contribute positively to its valuation. Additionally, rising promoter confidence, with a 1.39% increase in stake, signals optimism about the company's future.
In the broader market context, Tanla Platforms' short-term return of 0.24% over the past week is lower than the Sensex's gain of 1.56%, suggesting that while the stock is rising, it is not keeping pace with the overall market. The stock's performance over the last month, with a return of 14.64%, also surpasses the Sensex's 2.60%, indicating a stronger recovery in the recent term. However, the significant drop in investor participation, with a 60.71% decrease in delivery volume, raises concerns about sustained momentum. Overall, while the stock is currently rising, the mixed signals from its performance metrics and market participation suggest a cautious outlook.