Why is Prime Securities falling/rising?

As of 03-Jul, Prime Securities Ltd is experiencing a price increase, currently at Rs 282.00, reflecting a rise of Rs 4.2 or 1.51%. The stock has shown strong performance in recent days, gaining 2.27% over the last two days and outperforming its sector by 2.03% today. Additionally, it has demonstrated impressive returns over various periods, including a 28.39% increase over the past year and a remarkable 195.13% over the last three years. However, despite these positive trends, the company faces challenges such as weak long-term fundamental strength, with an average Return on Equity (ROE) of 12.73% and flat results reported for March 2025.
In the broader market context, Prime Securities has outperformed the Sensex over the past week, with a return of 0.46% compared to the benchmark's decline of 0.62%. While the stock's recent performance is strong, the falling investor participation, indicated by a 3.83% decrease in delivery volume, may raise concerns about its sustainability. The stock is trading above all key moving averages, suggesting bullish momentum, but its high valuation relative to peers and weak long-term growth could temper investor enthusiasm moving forward.