Why is Arihant Capital falling/rising?

As of 10-Jul, Arihant Capital Markets Ltd's stock price is currently at Rs 86.83, reflecting an increase of Rs 2.71 or 3.22%. The stock has been gaining for the last two days, showing a total return of 3.25% during this period. Despite a recent decline of 5.00% over the past week, the stock has performed well over the last month with a return of 14.33%. The stock's long-term fundamentals remain strong, with an average Return on Equity (ROE) of 17.75% and healthy growth in net sales and operating profit. However, it is important to note that while the stock has generated a return of 25.66% over the past year, its profits have decreased by 35.5%, which may be a concern for investors.
In the broader market context, the stock has outperformed the sector by 3.09% today, indicating a positive sentiment among investors despite a drop in delivery volume, which has fallen by 68.2% against the 5-day average. Compared to the benchmark Sensex, which has seen a minimal decline of 0.06% over the past week, Arihant Capital's short-term performance is notably stronger. The stock's current trading at a discount relative to its peers' historical valuations suggests that it may still hold attractive investment potential, despite the recent fluctuations in profit margins.