Why is SMC Global Sec. falling/rising?

As of 13-Jun, SMC Global Securities Ltd's stock price is currently at Rs 147.65, reflecting an increase of Rs 7.75 or 5.54%. The stock has shown strong performance recently, with a 1-week return of +25.18% and a 1-month return of +39.03%, significantly outperforming the Sensex, which has seen a decline of -1.30% over the same period. Today's trading saw the stock reach an intraday high of Rs 149.2, although it also touched a low of Rs 135.65. Despite this volatility, the stock is trading above its moving averages across various time frames, indicating a positive trend. However, there are concerns regarding falling investor participation, as delivery volume has decreased by -24.34% compared to the 5-day average. The company has demonstrated strong long-term fundamental strength with a 30.56% CAGR growth in operating profits, but it has also faced challenges, including a -7.46% decline in net sales and negative results in the last two quarters, which may impact investor sentiment.
In the broader market context, SMC Global Securities Ltd has outperformed the benchmark in the short term, with a notable increase in its stock price while the Sensex has declined. This divergence suggests that specific factors related to the company are driving its price movement, despite the overall market conditions. However, the stock has underperformed over the past year, generating a return of -13.38% compared to the Sensex's +5.61%, indicating that while recent performance is strong, there are lingering concerns about its long-term viability and market perception. The lack of domestic mutual fund investment may also reflect caution among institutional investors regarding the stock's valuation and business outlook.