Why is SMC Global Sec. falling/rising?

As of 18-Jul, SMC Global Securities Ltd is currently priced at 149.95, reflecting a decrease of 1.55, or 1.02%. The stock has been underperforming, having fallen for the last three consecutive days, resulting in a total decline of 2.06% during this period. Additionally, the stock's performance over the past week shows a decrease of 1.74%, while it has outperformed the benchmark Sensex over the past month with a gain of 11.03% compared to the Sensex's 0.38%. However, the stock's recent negative movement can be attributed to a significant drop in investor participation, with delivery volume falling by 48.08% against the five-day average. Furthermore, the company has reported negative results for the last two consecutive quarters, with a notable decline in net sales of 7.46% and a 22.2% drop in profits over the past year, which may have contributed to the current downward trend.
In the broader market context, while SMC Global Securities has shown strong long-term growth with a 30.56% CAGR in operating profits and a positive year-to-date return of 11.07%, its recent performance contrasts with the benchmark Sensex, which has gained only 4.63% year-to-date. The stock's current decline is further emphasized by its underperformance relative to the sector today, where it lagged by 0.73%. The lack of domestic mutual fund investment, holding only 0% of the company, suggests a lack of confidence in the stock's valuation, potentially influencing its recent price movement. Overall, despite the company's long-term fundamental strengths, the recent negative financial results and declining investor interest have led to the stock's current downward trajectory.