Why is SKP Securities falling/rising?

As of 08-Jul, SKP Securities Ltd is currently priced at 132.30, reflecting an increase of 1.25 or 0.95%. The stock has been gaining momentum, having outperformed its sector by 1% today and achieving a consecutive gain over the last two days with a total return of 6.69%. It opened with a notable gap up of 4.31% and reached an intraday high of Rs 136.7. However, it also experienced a low of Rs 126.3 during the day. Despite these gains, there is a concerning trend of falling investor participation, with delivery volume dropping by 44.6% compared to the five-day average. The stock's long-term fundamentals remain strong, with an average return on equity of 16.27% and healthy operating profit growth, but recent negative results have raised concerns, particularly a significant decline in profit after tax and net sales.
In the broader market context, SKP Securities has significantly outperformed the Sensex over the past week and month, with returns of 12.17% and 16.21%, respectively, while the Sensex has only seen minimal growth of 0.02% and 1.85%. However, year-to-date, the stock is down 37.87%, contrasting sharply with the Sensex's 7.13% increase. This disparity highlights the stock's volatility and the challenges it faces despite its recent positive performance. The stock's attractive valuation and strong long-term growth potential could support its recovery, but the recent negative financial results may continue to weigh on investor sentiment.