Why is SMC Global Sec. falling/rising?

As of 21-Jul, SMC Global Securities Ltd is experiencing a price increase, currently at Rs 152.05, reflecting a rise of 2.1 (1.4%). The stock has shown a positive performance today, outperforming its sector by 0.54%, and has gained after three consecutive days of decline, reaching an intraday high of Rs 154. In terms of returns, the stock has performed well over various periods, with a 1-week increase of 1.13% and a 1-month increase of 8.68%. However, despite these positive indicators, the company has faced challenges, including a significant drop in net sales and negative results over the last two quarters, which may impact investor sentiment.
In the broader market context, SMC Global's short-term performance contrasts with the Sensex, which has seen a slight decline of 0.06% over the past week. While the stock has shown resilience with a year-to-date return of 12.63% compared to the Sensex's 5.20%, the overall market sentiment may be influenced by the company's recent negative financial results and low domestic mutual fund participation, indicating potential caution among investors.