Why is XT Global Infot. falling/rising?

As of 16-Sep, XT Global Infotech Ltd's stock price is currently at Rs 39.99, reflecting an increase of Rs 2.93, or 7.91%. Today's performance indicates a trend reversal as the stock has gained after two consecutive days of decline. It has outperformed its sector by 7.07% today and reached an intraday high of Rs 42.98, showcasing significant volatility with an intraday range of Rs 6.02. However, the stock's recent performance is mixed; over the past week, it has declined by 0.25%, while it has shown a strong return of 22.89% over the past month. Despite these gains, the stock has underperformed against the benchmark over the last year, with a return of -20.40%. Positive factors contributing to the stock's rise include strong quarterly net sales growth of 57.7% and a solid cash position, although it faces challenges with weak long-term growth metrics and a declining return on capital employed.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has increased by 1.58% over the past week and 2.21% over the past month. While XT Global Infotech has shown a notable recovery in the short term, its long-term performance remains concerning, as it has consistently underperformed against the benchmark over the last three years. The stock's volatility and the significant drop in delivery volume indicate a lack of sustained investor confidence, despite some positive quarterly results. Overall, while the stock is experiencing a short-term rise, its long-term fundamentals and historical performance suggest caution for investors.