Why is SMC Global Sec. falling/rising?

As of 23-Jun, SMC Global Securities Ltd's stock price is rising, currently at 145.80, reflecting an increase of 5.9 or 4.22%. The stock has shown strong performance recently, outperforming its sector by 3.69% today and gaining 10.41% over the last two days. Despite opening with a significant loss of 10.65%, it reached an intraday high of Rs 148.5. Over the past week, the stock has increased by 1.96%, and in the last month, it has surged by 24.67%. However, it has faced challenges, including a decline in net sales and negative results in recent quarters, which have contributed to a year-over-year return of -15.26%. The company's strong long-term fundamental strength, with a 30.56% CAGR growth in operating profits, contrasts with its recent negative performance, indicating a complex situation for investors.
Broader market context shows that while SMC Global Securities has outperformed its sector in the short term, it has underperformed the broader market over the past year, where the BSE 500 generated a return of 2.78%. The stock's recent gains may be attributed to rising investor participation, as evidenced by a significant increase in delivery volume, suggesting renewed interest despite its historical underperformance. The stock is trading above its moving averages, indicating a potential upward trend, but the lack of domestic mutual fund investment signals caution among institutional investors regarding its valuation and business outlook.