Why is Sportking India falling/rising?

As of 30-Jun, Sportking India Ltd's stock price is rising, currently at Rs 117.35, reflecting an increase of Rs 5.25 or 4.68%. The stock has shown strong performance today, outperforming its sector by 3.84% and reaching an intraday high of Rs 119.3, which is a 6.42% increase. Over the past week, the stock has gained 9.88%, and its year-to-date return stands at 12.75%, significantly higher than the Sensex's 7.00% for the same period. Positive financial results, including a 42.96% growth in profit after tax and a favorable PEG ratio of 0.3, contribute to the stock's upward momentum. However, there are concerns regarding falling investor participation, as delivery volume has decreased by 43.16% compared to the five-day average.
In the broader market context, Sportking India's recent performance has outpaced the benchmark, with a one-year return of 38.68% compared to the BSE 500's 3.95%. This strong relative performance highlights the stock's attractiveness despite some risks, such as modest long-term growth rates in net sales and operating profit. Additionally, the lack of domestic mutual fund investment may indicate caution among institutional investors, potentially affecting future price movements. Overall, while the stock is currently rising, these underlying factors suggest a mixed outlook moving forward.