Why is Geojit Fin. Ser. falling/rising?

As of 09-Jun, Geojit Financial Services Ltd is experiencing a rise in its stock price, currently at Rs 90.92, reflecting an increase of Rs 4.88 or 5.67%. The stock has shown strong performance today, outperforming its sector by 3.72% and achieving a consecutive gain over the last four days, with an overall return of 8.24% during this period. It reached an intraday high of Rs 94.8, indicating significant trading activity, and the delivery volume has increased by 83.02% compared to the five-day average, suggesting rising investor participation. Despite a long-term decline of 20.66% year-to-date, the stock has demonstrated strong fundamentals, with a healthy operating profit growth rate of 27.08% and an attractive valuation with a Price to Book Value of 2.8.
In the broader market context, Geojit Financial Services' short-term return of 6.46% over the past week significantly outpaces the Sensex's return of 1.32% during the same period. This indicates that the stock is gaining traction relative to the market. However, it is essential to note that the technical trend remains sideways, suggesting no clear price momentum, despite the recent gains. The company has faced challenges, including negative quarterly results with a 33.4% decline in profit after tax compared to the previous four-quarter average, which may temper investor sentiment in the long run. Nonetheless, the combination of strong recent performance and positive investor engagement has contributed to the stock's upward movement.