Why is Arihant's Secur. falling/rising?

As of 27-Oct, Arihants Securities Ltd's stock price is currently at Rs 23.55, reflecting an increase of Rs 1.5 or 6.8%. Today, the stock opened lower, down by 2.27%, but managed to reach an intraday high of Rs 23.97, indicating a significant recovery during the trading session. The stock has shown high volatility with an intraday fluctuation of 5.32%, and it has outperformed its sector by 6.52%. Despite a year-to-date decline of 28.03%, the stock has demonstrated strong performance over the last three years with a return of 60.20%. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 216.25% compared to the five-day average, suggesting growing interest among investors.
Broader Market Context: In the short term, Arihants Securities Ltd has outperformed the benchmark Sensex, which has only increased by 0.49% over the past week, while the stock itself has risen by 4.67%. However, over the past month, the stock's performance has lagged behind the Sensex, which gained 5.41%, indicating a mixed performance relative to the broader market. The liquidity of the stock appears adequate for trading, as it is liquid enough for a trade size of Rs 0 crore based on the average traded value. Overall, while the stock has shown some positive movements today, its longer-term performance remains a concern compared to the benchmark.