Why is Modern Shares falling/rising?

As of 15-Oct, Modern Shares & Stockbrokers Ltd is experiencing a price increase, currently at Rs 43.97, reflecting a rise of 1.46 or 3.43%. The stock has shown a strong performance today, outperforming its sector by 1.27% and achieving a consecutive gain over the last three days with a total return of 7.95%. Despite opening with a loss of 2% today, the stock reached an intraday high of Rs 45.88, indicating significant volatility with a wide trading range of Rs 5.52. The stock's performance over the past week shows a gain of 4.27%, although it has declined by 1.85% over the past month and is down 31.30% year-to-date. Notably, there has been a substantial increase in investor participation, with delivery volume rising by 574.43% against the five-day average, suggesting growing interest in the stock.
In the broader market context, the stock's recent short-term performance has outpaced the Sensex, which gained only 1.02% over the same week. While the stock has struggled year-to-date compared to the benchmark, its three-year return of 219.09% significantly exceeds the Sensex's 42.62% over the same period, indicating strong long-term growth potential. The finance/NBFC sector has also shown positive movement, gaining 2.24%, which may contribute to the favorable sentiment surrounding Modern Shares. Overall, the combination of recent gains, increased trading volume, and sector performance appears to be driving the stock's upward movement despite its longer-term challenges.