Why is Emk.Global Fin. falling/rising?

As of 01-Jul, Emkay Global Financial Services Ltd is experiencing a price increase, currently at 225.00, reflecting a change of 1.15 (0.51%) upwards. Today's price summary indicates that the stock has outperformed its sector by 0.65% and has shown a trend reversal after two consecutive days of decline. While the stock's performance over the past week is positive at +2.55%, it has struggled in the longer term, with a -4.80% return over the past month and a significant -28.62% year-to-date decline. Despite these challenges, the stock has generated a notable return of 38.04% over the past year, significantly outpacing the market benchmark. However, the stock's recent performance is tempered by falling investor participation, as evidenced by a drastic drop in delivery volume.
In the broader market context, Emkay Global's short-term performance has outpaced the Sensex, which has risen by 2.00% over the same week. The company boasts a strong return on equity (ROE) of 22.4, indicating attractive valuation metrics, yet it faces concerns regarding long-term fundamental strength, with an average ROE of only 10.86%. Negative financial results reported for the latest quarter, including a 25.27% decline in profit after tax and the lowest net sales figures, contribute to a cautious outlook. Additionally, the absence of domestic mutual fund investment may reflect a lack of confidence in the stock's valuation or business prospects, which could hinder its recovery despite recent gains.