Why is SMC Global Sec. falling/rising?

As of 02-Jul, SMC Global Securities Ltd is experiencing a decline in its stock price, currently at Rs 156.20, which reflects a decrease of Rs 2.65 or 1.67%. Today's performance indicates that the stock has underperformed its sector by 0.44% and has opened with a loss of 2.42%. After three consecutive days of gains, the stock has reversed its trend, touching an intraday low of Rs 154.8. Over the past week, the stock has shown a positive return of 2.36%, and it has significantly outperformed the benchmark Sensex over the last month with a return of 35.36%. However, the company has faced challenges, including a decline in net sales and negative results over the past two quarters, which have contributed to a 22.2% drop in profits over the last year.
In the broader market context, while SMC Global Securities has shown strong long-term fundamental strength with a 30.56% CAGR growth in operating profits, its recent performance contrasts with the benchmark Sensex, which has risen by 0.79% over the past week. The stock's current valuation appears attractive with a Price to Book Value of 1.3, yet the lack of domestic mutual fund investment may indicate a lack of confidence in the stock's price or business fundamentals. Despite the stock's strong historical performance over three years, the recent negative financial results and the company's inability to attract institutional investment may be influencing its current downward price movement.