Why is SMC Global Sec. falling/rising?

As of 30-Jun, SMC Global Securities Ltd's stock price is rising, currently at 155.20, reflecting an increase of 3.0 or 1.97%. The stock has shown strong performance recently, outperforming its sector by 1.45% today and achieving a consecutive gain over the last two days with a total return of 2.41%. It reached an intraday high of Rs 159.95, indicating positive momentum. Over the past week, the stock has risen by 6.45%, and in the last month, it has surged by 32.59%. However, despite these gains, there are concerns as the stock has generated a negative return of -3.81% over the past year, and the company has reported declining profits and negative results in recent quarters, which may weigh on investor sentiment.
In the broader market context, SMC Global Securities Ltd's short-term performance has significantly outpaced the Sensex, which has only increased by 2.09% over the same week. This strong relative performance may attract more investors, despite the underlying issues such as falling net sales and negative results in the last two quarters. The stock's attractive valuation, with a Price to Book Value of 1.3 and a healthy long-term growth rate in operating profits, suggests potential for recovery. However, the lack of domestic mutual fund investment, which indicates a lack of confidence in the stock's price or business fundamentals, could temper enthusiasm among retail investors.