Why is Monarch Networth falling/rising?

As of 02-Jul, Monarch Networth Capital Ltd's stock price is rising, currently at Rs 354.50, reflecting an increase of Rs 16.95 or 5.02%. Today's price summary indicates that the stock has outperformed its sector by 6.25% and has experienced a trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 360.4, marking a 6.77% increase. Over the past week, the stock has gained 10.57%, and over the last month, it has risen by 14.48%. Despite these positive movements, there are concerns regarding falling investor participation, as delivery volume has decreased by 10.15% against the five-day average. The company has strong long-term fundamentals, with a return on equity of 26.35% and significant growth in net sales and operating profit, but recent negative quarterly results have raised some red flags.
In the broader market context, Monarch Networth's short-term performance has significantly outpaced the benchmark, with a 1-week return of 10.57% compared to the Sensex's 0.79%. While the stock has shown impressive long-term returns, including a 36.83% increase over the past year, it has also faced challenges, such as a decline in profits and low domestic mutual fund holdings, which may indicate a lack of confidence among institutional investors. Overall, the stock's recent rise can be attributed to its strong performance relative to the sector and the market, despite underlying concerns that could impact future performance.