Why is LKP Securities falling/rising?

As of 11-Jun, LKP Securities Ltd is experiencing a price increase, currently at Rs 22.40, reflecting a rise of Rs 1.8 or 8.74%. The stock has shown strong performance today, outperforming its sector by 9.32% and reaching an intraday high of Rs 22.98, which is an increase of 11.55%. Over the past week, the stock has gained 11.44%, and in the last month, it has surged by 26.55%. However, it is important to note that the stock has a year-to-date decline of 22.73%. The company has a very attractive valuation with a return on equity (ROE) of 14.3 and a price-to-book value of 2, indicating it is trading at a discount compared to its peers. Despite this, there are concerns regarding weak long-term fundamentals, as evidenced by a declining profit after tax and low net sales.
In the broader market context, LKP Securities has significantly outperformed the Sensex, which has only increased by 1.87% over the past week. While the stock's short-term gains are notable, its year-to-date performance remains concerning compared to the Sensex's 5.60% increase. The stock's volatility today, with an intraday fluctuation of 5.46%, suggests a turbulent trading environment. Additionally, the falling investor participation, with a 47.21% drop in delivery volume, raises questions about sustained interest in the stock. Overall, while the stock is currently rising, the mixed signals regarding its long-term growth and investor engagement may impact its future performance.