Why is Amit Securities falling/rising?

As of 02-Jul, Amit Securities Ltd is experiencing a price increase, currently at Rs. 23.60, reflecting a change of 0.46 or 1.99%. The stock has recently hit a new 52-week high and has outperformed its sector by 1.32%. Over the past week, the stock has shown a significant return of +6.07%, and over the past month, it has surged by +61.20%. However, despite this positive movement, there are concerns regarding the company's long-term fundamentals, including a weak Return on Capital Employed (ROCE) of 0.03% and a poor EBIT to Interest ratio of -0.03, indicating challenges in servicing its debt. Additionally, the stock's delivery volume has drastically decreased by 98.8% against the 5-day average, suggesting a decline in investor participation.
In the broader market context, Amit Securities has significantly outperformed the Sensex, which has only increased by 0.79% over the past week and 2.50% over the past month. This stark contrast highlights the stock's strong short-term performance relative to the benchmark. However, the company's flat results in March and a very expensive valuation with a Price to Book Value of 1.2 raise concerns about its sustainability in the long run. While the stock has generated a return of 0.00% over the past year, its profits have only risen by 3%, indicating that the recent price increase may not be supported by robust underlying financial health.