Why is SMC Global Sec. falling/rising?

As of 28-Jul, SMC Global Securities Ltd's stock price is currently at 147.20, reflecting an increase of 3.6, or 2.51%. Today's price movement indicates a trend reversal as the stock has gained after two consecutive days of decline. It opened with a gain of 2.19% and reached an intraday high of Rs 152.5, showcasing a wide trading range of Rs 14.5. However, the stock has experienced high volatility today, with an intraday volatility of 5.8%. Despite a year-to-date return of +9.04%, the stock has underperformed in the short term, with a 1-week return of -3.19% and a 1-month return of -3.29%. The stock's long-term fundamentals remain strong, with a 30.56% CAGR growth in operating profits, but it has faced challenges, including a significant drop in profits over the past year.
In the broader market context, SMC Global Securities Ltd has outperformed the benchmark Sensex today, which has seen a decline of 1.59% over the past week. While the stock's recent performance shows resilience, the overall market sentiment appears to be weak, as indicated by the declining investor participation and a significant drop in delivery volume. The stock is trading at a premium compared to its peers, which may contribute to its volatility. Despite the positive long-term growth prospects, the recent profit decline of 41.8% over the past year raises concerns among investors, impacting short-term sentiment and contributing to the stock's fluctuating performance.