Why is SMC Global Sec. falling/rising?

As of 01-Jul, SMC Global Securities Ltd's stock price is rising, currently at 158.85, reflecting an increase of 3.65 or 2.35%. The stock has shown strong performance recently, outperforming its sector by 2.49% today and has gained 4.82% over the last three days. It opened with a gap up of 4.19% and reached an intraday high of Rs 161.7. Additionally, the stock has consistently traded above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Despite a year-over-year decline of 4.11% in stock returns, the company has demonstrated strong long-term fundamental strength with a 30.56% compound annual growth rate 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's short-term return of 8.06% over the past week significantly outpaces the Sensex's 2.00% increase, indicating a strong relative performance. The stock's liquidity is also favorable, with a delivery volume increase of 12.93% against the 5-day average, suggesting rising investor participation. However, the lack of domestic mutual fund investment may signal caution among institutional investors regarding the company's valuation and recent negative results. Overall, while the stock is experiencing a rise in price, it is essential to consider the underlying challenges that could affect its long-term stability.