Why is Share India Sec. falling/rising?

As of 16-Oct, Share India Securities Ltd is experiencing a significant rise in its stock price, currently at Rs 179.20, reflecting an increase of Rs 29.85 or 19.99%. The stock has outperformed its sector by 20.11% today and has shown consecutive gains over the last two days, accumulating a total return of 30.8% in this period. In the past week, the stock has risen by 25.14%, while its one-month return stands at 23.12%. Despite a challenging year-to-date performance of -41.47%, the stock's strong long-term fundamentals, including a healthy average Return on Equity (ROE) of 29.21% and significant growth in net sales and operating profit, contribute positively to its recent upward movement. However, the company has faced negative results in the last three quarters, with declines in net sales, profit before tax, and profit after tax, which could temper investor sentiment.
Broader market context indicates that while the stock has outperformed the benchmark, the overall market has generated a negative return of -0.82% over the past year, contrasting sharply with Share India Securities' decline of -44.61%. This underperformance highlights the stock's volatility and the challenges it faces despite recent gains. The stock's liquidity remains adequate for trading, and rising investor participation, evidenced by a significant increase in delivery volume, suggests growing interest. However, the high percentage of pledged promoter shares may exert downward pressure in a falling market, indicating that while the stock is currently rising, underlying concerns remain that could affect its stability moving forward.