Why is Emk.Global Fin. falling/rising?

As of 10-Jul, Emkay Global Financial Services Ltd is experiencing a price increase, currently at 258.00, which reflects a rise of 7.15 or 2.85%. The stock has shown strong performance today, outperforming its sector by 2.72% and has gained consecutively for the last four days, accumulating a total return of 7.52% during this period. It opened with a gain of 3.65% and reached an intraday high of Rs 260. The stock is trading above all its moving averages, indicating positive momentum. Despite these gains, there is a notable decline in investor participation, with delivery volume dropping significantly by 94.65% against the five-day average. Additionally, while the stock has generated a substantial return of 58.28% over the past year, its profits have increased by 84.2%, and it has a very attractive valuation with a ROE of 22.4 and a PEG ratio of 0.2.
In the broader market context, the stock's short-term performance has been impressive compared to the Sensex, which has remained flat with a change of -0.06% over the past week. Emkay Global has outperformed the benchmark not only in the short term but also over the last three years, one year, and three months. However, the company faces challenges with weak long-term fundamental strength, as indicated by an average ROE of 10.86%. Furthermore, negative financial results reported for March 25, including a significant decline in net sales and profit before tax, may raise concerns among investors. The lack of domestic mutual fund investment, which stands at 0%, could also suggest a lack of confidence in the stock's valuation or business prospects, despite its recent price rise.