Why is SMC Global Sec. falling/rising?

As of 25-Jun, SMC Global Securities Ltd is experiencing a price increase, currently at Rs 152.60, reflecting a rise of 5.6 or 3.81%. The stock has shown strong performance recently, gaining 15.56% over the last four days and outperforming its sector by 3.2% today. It has also been trading above its moving averages across various time frames, indicating positive momentum. Despite a year-over-year decline of 5.28% in returns, the company has demonstrated strong long-term fundamental strength with a 30.56% CAGR growth in operating profits, although it has faced challenges with a significant drop in net sales and profits in recent quarters.
In the broader market context, SMC Global Securities has outperformed the Sensex in the short term, with a 1-week return of 13.00% compared to the Sensex's 1.61%. This suggests that investor sentiment towards the stock is currently favorable, despite its recent negative financial results. The lack of domestic mutual fund investment may indicate some caution among institutional investors, but the rising investor participation and liquidity in the stock could be contributing to its upward price movement. Overall, while the stock has faced negative pressures from declining profits and sales, its recent performance and strong growth potential appear to be driving the current rise in its stock price.