Why is Monarch Networth falling/rising?

As of 22-Jul, Monarch Networth Capital Ltd is experiencing a price increase, with its current price at Rs 384.80, reflecting a rise of Rs 11.8 or 3.16%. The stock has shown strong performance today, outperforming its sector by 3.37% and achieving a consecutive gain over the last two days with a total increase of 4.28%. It reached an intraday high of Rs 390.9, and it is currently trading above all its moving averages. Despite a decline in investor participation, as indicated by a 40.29% drop in delivery volume compared to the 5-day average, the company maintains strong long-term fundamentals, including a robust average return on equity of 26.35% and significant growth in net sales and operating profit.
In the broader market context, Monarch Networth has outperformed the Sensex in the short term, with a 1-week return of 1.70% compared to the benchmark's decline of 0.47%. Over the past year, the stock has generated a return of 46.73%, significantly higher than the Sensex's 2.09%. However, the company has faced challenges, such as negative results reported on March 25, including a 36.2% decline in profit after tax compared to previous quarters, which may affect investor sentiment. Additionally, the absence of domestic mutual fund investment could indicate a lack of confidence in the stock's valuation or business prospects.