Why is XT Global Infot. falling/rising?

As of 11-Sep, XT Global Infotech Ltd is experiencing a price increase, with the current price at 39.68, reflecting a change of 0.53 or 1.35% upward. The stock has shown a strong performance today, outperforming its sector by 1.69% and indicating a trend reversal after two consecutive days of decline. Additionally, XT Global Infotech is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bullish trend. The stock has also seen a significant rise in investor participation, with delivery volume increasing by 113.71% compared to the 5-day average. Despite a year-to-date return of -0.65%, the stock has performed well in the short term, with a 1-week return of +17.50% and a 1-month return of +25.45%. The positive financial results reported for June, including a 57.7% growth in net sales and a 41.5% increase in profit before tax, contribute to its attractive valuation, although the stock's profits have fallen by 22.1% over the past year.
In the broader market context, XT Global Infotech's short-term performance significantly outpaces the benchmark, with a 1-week return of +17.50% compared to the Sensex's +1.03%. This stark contrast highlights the stock's recent strength relative to the overall market. While the stock has faced challenges over the longer term, as indicated by its 1-year and 3-year returns of -2.98% and -6.08% respectively, the recent positive developments and strong short-term performance suggest a potential recovery phase. The stock's liquidity is also favorable, allowing for sufficient trading activity, which may further support its upward price movement.