Why is Beryl Securities falling/rising?

As of 25-Jul, Beryl Securities Ltd is experiencing a rise in its stock price, currently at Rs 29.89, reflecting an increase of 1.12 or 3.89%. The stock has shown a strong performance today, outperforming its sector by 6.01% and gaining for the last two days with a total return of 3.93% during this period. It opened with a notable gain of 4.21% and reached an intraday high of Rs 29.98. However, despite this positive movement, the company faces significant challenges, including operating losses and weak long-term fundamental strength, with a negative annual growth rate in operating profit. The stock is also trading at a premium compared to its peers, indicated by a high Price to Book Value ratio of 1.5.
In the broader market context, Beryl Securities has outperformed the Sensex in the short term, with a 1-week return of +6.75% compared to the benchmark's -0.36%. However, the stock's year-to-date performance remains concerning, with a decline of -22.96% against the Sensex's positive return of +4.25%. The finance/NBFC sector has also seen a decline of -2.13%, which may contribute to the overall market sentiment affecting Beryl Securities. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 92.9% against the 5-day average, indicating potential concerns among investors despite the recent price increase.