Why is Geojit Fin. Ser. falling/rising?

As of 23-Sep, Geojit Financial Services Ltd is experiencing a price increase, currently at Rs 82.69, reflecting a rise of Rs 6.41 or 8.4%. The stock has shown strong performance today, outperforming its sector by 7.51% and reaching an intraday high of Rs 85.28, which is an increase of 11.8%. Over the past week, the stock has gained 7.53%, while its one-month return stands at 12.38%. However, despite this positive short-term performance, the stock has faced significant challenges over the longer term, with a year-to-date decline of 27.84% and a one-year drop of 39.95%. The company's fundamentals indicate strong long-term potential, with an average Return on Equity (ROE) of 17.60% and a valuation that is attractive compared to peers. Nonetheless, negative results from the last quarter, including a 33.9% drop in PAT and a decrease in promoter confidence due to a 2.92% reduction in their stake, may weigh on investor sentiment.
In the broader market context, while Geojit Financial Services has outperformed the Sensex in the short term, the stock's one-year performance has significantly lagged behind the benchmark, which has only declined by 3.33%. This stark contrast highlights the challenges faced by the company relative to the overall market. The recent increase in stock price may be attributed to short-term trading dynamics and positive sentiment, but the underlying issues, including falling profits and reduced promoter confidence, suggest that caution may be warranted for long-term investors.