Why is SKP Securities falling/rising?

As of 11-Jul, SKP Securities Ltd is experiencing a price increase, with its current price at Rs 131.40, reflecting a rise of Rs 4.75 or 3.75%. The stock has shown strong performance today, outperforming its sector by 4.67% and has gained consecutively over the last two days, with a total return of 3.83% during this period. It opened with a gain of 4.15% and reached an intraday high of Rs 131.9. Despite this positive movement, the stock's delivery volume has significantly decreased by 81.83% compared to the 5-day average, indicating a potential decline in investor participation. Additionally, while the stock has generated a return of -5.37% over the past year, its profits have increased by 15.5%, suggesting underlying strength despite recent challenges.
In the broader market context, SKP Securities has outperformed the Sensex over the past week and month, with returns of +5.97% and +19.18%, respectively, while the Sensex has seen declines of -1.12% and -0.02%. This indicates that the stock is gaining traction relative to the overall market. The company's strong long-term fundamentals, including an average Return on Equity (ROE) of 16.27% and significant operating profit growth, contribute positively to its valuation, which is attractive compared to peers. However, the negative results reported for the latest six months, including a substantial decline in profit after tax and net sales, may temper investor enthusiasm moving forward.