Why is Nexome Cap. Mkt. falling/rising?

As of 30-Jun, Nexome Capital Markets Ltd is experiencing a price increase, currently at 101.10, reflecting a rise of 1.0 (1.0%). The stock has shown strong performance recently, gaining 9.59% over the last three days and outperforming its sector by 0.48% today. Over the past year, it has generated an impressive return of 84.49%, significantly outperforming the BSE 500 index in both the short and long term. However, despite this positive momentum, the company faces challenges such as operating losses and declining net sales, which have decreased at an annual rate of -2.62%. The stock's valuation is considered expensive compared to its peers, with a price-to-book value of 0.4, and profits have fallen by -39.4% over the past year.
In the broader market context, Nexome's short-term return of 7.84% over the past week significantly outpaces the Sensex's return of 2.09% during the same period. This indicates that while the stock is performing well relative to the market, it is also facing scrutiny due to its weak long-term fundamentals and negative financial results in recent quarters. The rising investor participation, as evidenced by a substantial increase in delivery volume, suggests that there is confidence among investors despite the underlying financial challenges. Overall, the stock's recent rise can be attributed to its strong short-term performance and investor interest, even as it grapples with significant long-term concerns.