Why is SMC Global Sec. falling/rising?

As of 09-Jun, SMC Global Securities Ltd's stock price is rising, currently at Rs 126.00, reflecting an increase of Rs 8.05 or 6.82%. The stock has shown strong performance recently, outperforming its sector by 4.87% today and achieving a consecutive gain over the last two days with a total return of 6.87%. In the past week, the stock has risen by 9.19%, and over the past month, it has increased by 18.37%. However, despite these short-term gains, the stock has experienced a significant decline of 28.63% over the past year, alongside a 22.2% drop in profits. The company has reported negative results for the last two consecutive quarters, with a notable fall in net sales and a substantial decrease in profit after tax, which may contribute to a mixed sentiment among investors.
In the broader market context, SMC Global Securities Ltd's recent performance contrasts sharply with the benchmark Sensex, which has only increased by 1.32% over the past week and 3.76% over the past month. This indicates that while the stock is gaining traction in the short term, it has underperformed the broader market over longer periods, including a year-to-date decline of 6.67% compared to the Sensex's gain of 5.51%. The stock's technical indicators suggest a mildly bearish outlook, which, combined with falling investor participation and a decline in delivery volume, may temper enthusiasm despite the recent price rise.