Why is SKP Securities falling/rising?

As of 16-Jul, SKP Securities Ltd's stock price is currently at Rs 137.00, reflecting an increase of Rs 2.5 or 1.86%. The stock has shown strong performance recently, with a consecutive gain over the last two days, resulting in a total return of 6.95% during this period. It has outperformed its sector by 2.09% today and reached an intraday high of Rs 138. The stock has also demonstrated significant short-term strength, with a 1-week return of 8.26%, contrasting sharply with the Sensex's decline of 1.08%. Despite a year-to-date decline of 35.67%, the company maintains strong long-term fundamentals, with an average Return on Equity (ROE) of 16.27% and healthy operating profit growth of 71.83% annually. However, negative results from March 25, including a 51.62% decline in PAT and the lowest quarterly net sales, have raised concerns.
Broader Market Context: In the context of the broader market, SKP Securities' recent performance stands out, particularly given its 1-month return of 24.66% compared to the Sensex's modest gain of 1.02%. This indicates that the stock is gaining traction among investors despite its challenging year-to-date performance. The rising investor participation, evidenced by a 101.49% increase in delivery volume, suggests growing confidence in the stock's potential. Overall, while the stock has faced significant challenges in the past year, its recent upward movement is supported by strong fundamentals and positive short-term trends, setting it apart from the broader market's performance.