Why is SMC Global Sec. falling/rising?

As of 15-Jul, SMC Global Securities Ltd's stock price is currently at Rs 153.10, reflecting an increase of Rs 2.75, or 1.83%. Today's performance indicates a trend reversal, as the stock has gained after two consecutive days of decline. It outperformed its sector by 1.02% and reached an intraday high of Rs 154.2. Over the past week, the stock has seen a slight decline of 0.52%, but it has performed better over the past month with a return of 3.69%. Despite a year-to-date increase of 13.41%, the stock has faced challenges, including a significant drop in net sales and negative results in recent quarters, which have contributed to a decline in profits by 22.2%. The company's strong long-term fundamentals, with a 30.56% CAGR growth in operating profits, contrast with its recent performance, leading to a complex outlook.
In the broader market context, the stock's recent performance has been more favorable than the benchmark Sensex, which has declined by 1.36% over the past week. While SMC Global Securities Ltd has shown resilience with a positive return over the last month, the overall market sentiment appears to be cautious, as indicated by falling investor participation and low domestic mutual fund holdings. This lack of confidence from institutional investors may reflect concerns about the company's recent financial results and its ability to sustain growth, despite its attractive valuation compared to peers.