Why is Mercantile Vent. falling/rising?

As of 30-Jun, Mercantile Ventures Ltd is experiencing a price increase, with its current price at 24.40, reflecting a change of 0.73 or 3.08% upward. The stock has outperformed its sector today by 2.56%, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 1.67%, and in the last month, it has risen by 10.91%. Despite a year-to-date increase of 6.04%, the stock has faced challenges, with a significant decline of 19.87% over the past year. Positive factors contributing to the recent price movement include strong quarterly results, with net sales and profit after tax reaching their highest levels, alongside an attractive valuation compared to peers. However, the stock's long-term fundamental strength is weak, indicated by a low average return on equity and poor growth in operating profit.
In the broader market context, while Mercantile Ventures has shown a positive short-term return, it has underperformed the market over the last year, where the BSE 500 index generated returns of 3.95%. The stock's recent performance contrasts with the benchmark, as it has lagged behind with a negative return of 19.87%. This underperformance highlights the challenges the company faces despite recent positive quarterly results and attractive valuation metrics. The falling investor participation, indicated by a drop in delivery volume, may also reflect caution among investors regarding the stock's long-term prospects.