Why is Nexome Cap. Mkt. falling/rising?

As of 04-Jul, Nexome Capital Markets Ltd is experiencing a price increase, currently at Rs 107.80, reflecting a rise of 2.45 (2.33%). The stock has shown strong performance, with a 7.69% increase over the past week and a remarkable 96.89% return over the last year. Today's price summary indicates that the stock opened with a gain of 2.33% and has consistently traded at this price, while also being 4.55% away from its 52-week high. Additionally, the stock is trading above all key moving averages and has seen a significant increase in delivery volume, suggesting rising investor participation. However, despite these positive indicators, the company faces challenges, including operating losses and a decline in net sales, which have grown at an annual rate of -2.62%.
In the broader market context, Nexome's short-term performance has outpaced the benchmark, with the Sensex declining by 0.74% over the past week while Nexome has gained 7.69%. This indicates that the stock is not only performing well in isolation but is also attracting investor interest despite its underlying financial difficulties, such as negative results in the last two quarters and a significant drop in profits. The company's valuation is considered expensive relative to its peers, which may pose risks for long-term investors. Overall, while Nexome Capital Markets Ltd is currently rising in price, the mixed signals from its financial health suggest caution moving forward.