Why is Share India Sec. falling/rising?

As of 17-Oct, Share India Securities Ltd is experiencing a significant rise in its stock price, currently at 200.30, reflecting an increase of 21.2 points or 11.84%. The stock has outperformed its sector by 11.88% today and has shown a remarkable consecutive gain over the last three days, with a total return of 46.2% during this period. It has also traded in a wide range, reaching an intraday high of Rs 207.35. The stock is currently trading above its moving averages across multiple time frames, indicating a strong upward trend. Despite a challenging year with a -37.02% return, the company has strong long-term fundamentals, including a solid Return on Equity (ROE) of 29.21% and healthy growth in net sales and operating profit.
In the broader market context, Share India Securities has significantly outperformed the benchmark Sensex over the past week and month, with returns of +41.55% and +37.66%, respectively, compared to the Sensex's modest gains of +1.76% and +1.52%. However, it is important to note that the stock has underperformed over the last year, generating negative returns while the broader market has seen slight positive movement. The high volatility observed today, along with a substantial increase in delivery volume, suggests rising investor interest, despite the company's recent negative financial results and the high percentage of pledged promoter shares, which could pose risks in a declining market.