Why is Amit Securities falling/rising?

As of 08-Oct, Amit Securities Ltd is experiencing a price increase, currently at Rs 43.79, reflecting a change of 1.81 or 4.31% upward. The stock has been gaining momentum, with a notable performance of 14.96% over the last three days and a weekly return of 9.23%. It is also close to its 52-week high, just 2.6% away from Rs 44.93. Despite this positive movement, the company faces challenges, including weak long-term fundamental strength indicated by a low Return on Capital Employed (ROCE) of 0.03% and poor growth in operating profit over the past five years. Additionally, the company's financial health is concerning, with a negative EBIT to Interest ratio and flat quarterly results, which may temper investor enthusiasm despite the recent price rise.
In the broader market context, Amit Securities has significantly outperformed the benchmark Sensex, which has only risen by 0.98% over the past week, while the stock itself has gained 9.23%. This strong relative performance highlights investor interest, likely driven by increased trading volume and liquidity, as evidenced by a 128.82% rise in delivery volume compared to the five-day average. However, the stock's valuation remains high, with a Price to Book Value of 2.3 and a Return on Equity (ROE) of just 1.3, which could pose risks for future growth. Overall, while the stock is currently rising, its long-term fundamentals may raise concerns for some investors.