Why is XT Global Infot. falling/rising?

As of 05-Aug, XT Global Infotech Ltd is experiencing a price increase, currently at Rs 38.40, reflecting a rise of 4.49 or 13.24%. The stock has been gaining momentum, having risen 15.49% over the last three days, and it outperformed its sector by 13.64% today. It reached an intraday high of Rs 39.82, indicating strong upward movement. Despite this positive trend, there has been a significant drop in investor participation, with delivery volume falling by 79.85% compared to the five-day average. The stock is trading above its moving averages across various time frames, which typically signals bullish sentiment.
In the broader market context, XT Global Infotech's short-term performance over the past week shows a gain of 13.44%, while the benchmark Sensex has declined by 0.77%. This indicates that the stock is performing well relative to the market. However, over the longer term, the stock has underperformed, with a year-to-date return of -3.86% compared to the Sensex's positive return of 3.29%. Overall, while the stock is currently rising, its longer-term performance remains a concern, especially given the high volatility observed today.