Why is Tracxn Technolo. falling/rising?

As of 21-Jul, Tracxn Technologies Ltd is experiencing a price increase, currently at Rs 61.00, reflecting a rise of 1.53 or 2.57%. The stock has shown a positive trend today, having gained after two consecutive days of decline, and opened with a gain of 2.32%. It reached an intraday high of Rs 61.36, indicating strong performance relative to its sector, outperforming it by 3.07%. However, despite this short-term uptick, the stock has underperformed over the past year, with a return of -32.78%, while the market has generated a return of 1.98%. The company's high management efficiency, indicated by a return on equity (ROE) of 21.70%, contrasts sharply with its poor long-term growth, as evidenced by a significant decline in operating profit over the last five years.
In the broader market context, Tracxn Technologies Ltd's recent performance is notable against the backdrop of the Sensex, which has seen a slight decline of 0.06% over the past week. The stock's short-term return of +1.21% over the last week suggests a recovery phase, although it remains significantly behind the benchmark's performance over the longer term. The company's low debt-to-equity ratio and rising investor participation, with a notable increase in delivery volume, may provide some support for its price movement. However, the negative financial results reported, including a drastic fall in profit after tax and a low return on capital employed, indicate underlying challenges that could affect its future performance.