Why is Arihant Capital falling/rising?

As of 11-Jul, Arihant Capital Markets Ltd is experiencing a price increase, currently at Rs 88.39, reflecting a rise of 1.56 or 1.8%. The stock has shown strong performance recently, gaining for three consecutive days and achieving a total return of 5.1% during this period. It has outperformed its sector by 2.72% today and has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite this positive momentum, the stock has seen a decline in investor participation, with delivery volume dropping by 48.36% compared to the 5-day average. Over the past year, while the stock has generated a return of 24.95%, its profits have decreased by 35.5%, indicating some underlying challenges despite its strong long-term fundamentals, such as a healthy return on equity and significant growth in net sales and operating profit.
In the broader market context, Arihant Capital's short-term performance has been less favorable compared to the benchmark, with a 1-week return of -1.78% against the Sensex's -1.12%. However, over the past month, the stock has outperformed the benchmark, gaining 13.39% while the Sensex remained flat at -0.02%. This indicates that while the stock is currently rising, it has faced challenges in the short term relative to the market. The stock's attractive valuation, trading at a discount to its peers, and its strong long-term growth prospects suggest that it may continue to attract investor interest despite recent profit declines.