Why is Cont. Securities falling/rising?

As of 30-Jul, Continental Securities Ltd is currently priced at 16.60, reflecting an increase of 0.21 or 1.28%. The stock has been gaining for the last two days, with a total return of 1.97% during this period. Despite this recent uptick, the stock has underperformed in the short term, showing a decline of 5.63% over the past week and 0.84% over the past month. The stock is trading at a premium compared to its peers, with a Price to Book Value of 3.3, and has generated a notable return of 61.95% over the past year, supported by a 66% increase in profits. However, the decrease in promoter holding to 38.83% and a weak long-term fundamental strength, indicated by an average Return on Equity (ROE) of 7.13%, may raise concerns among investors.
In the broader market context, the Sensex has declined by 1.50% over the past week and 2.54% over the past month, indicating that the stock's recent performance is relatively better than the benchmark. Despite the stock's positive performance over the last year and consistent returns over the past three years, the falling investor participation, as evidenced by a 58.94% drop in delivery volume, suggests a lack of confidence among traders. The stock's liquidity remains adequate for trading, but the overall market sentiment, coupled with the company's declining promoter holding and weak long-term fundamentals, may contribute to cautious investor behavior.