Why is Prime Securities falling/rising?

As of 04-Jul, Prime Securities Ltd is experiencing a price increase, currently at Rs 287.70, reflecting a rise of Rs 5.7 or 2.02%. The stock has shown strong performance recently, gaining 4.33% over the last three days and outperforming its sector by 1.89% today. Notably, it has outperformed the benchmark Sensex over various periods, including a 12.87% increase over the past month and a remarkable 199.06% increase over the last three years. However, there are concerns regarding falling investor participation, as the delivery volume has decreased by 19.73% against the five-day average. Additionally, while the stock has generated consistent returns, its long-term fundamental strength is weak, with an average return on equity of 12.73% and a concerning decline in net sales growth.
In the broader market context, Prime Securities has outperformed the Sensex in the short term, with a 3.69% increase over the past week compared to a decline of 0.74% in the benchmark index. Despite this positive short-term performance, the stock's valuation appears expensive relative to its peers, trading at a price-to-book value of 4.7. The company's recent financial results have also raised red flags, with significant declines in profit before tax and profit after tax, indicating potential challenges ahead. Overall, while the stock is currently rising, the underlying financial metrics suggest caution for long-term investors.