Why is SMC Global Sec. falling/rising?

As of 03-Jul, SMC Global Securities Ltd's stock price is currently at Rs 152.85, reflecting a decrease of Rs 3.35 or 2.14%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 3.78%. Today's trading performance indicates that it has underperformed its sector by 1.62%. Over the past week, the stock has shown a modest gain of 0.86%, but it has significantly outperformed the benchmark Sensex over the past month with a return of 34.67% compared to the Sensex's 3.10%. However, the stock's long-term performance is concerning, as it has generated a negative return of 2.83% over the past year, coinciding with a substantial decline in profits of 22.2%. The company's recent financial results have been negative, with a 7.46% drop in net sales and a significant decline in profit after tax, which has contributed to the stock's downward pressure.
In the broader market context, while SMC Global Securities has shown strong long-term fundamentals with a 30.56% CAGR growth in operating profits, the recent negative financial results and falling investor participation have overshadowed these strengths. The stock's current price is trading at a premium compared to its peers, which may deter potential investors, especially given that domestic mutual funds hold no stake in the company, indicating a lack of confidence in its valuation. Despite the stock's short-term gains, the overall market sentiment appears cautious, particularly as it has underperformed the Sensex in the last week, which has declined by 0.62%. This combination of factors suggests that the stock's recent price movement is primarily influenced by negative financial results and reduced investor interest.