Why is Steel City Sec. falling/rising?

As of 24-Jun, Steel City Securities Ltd is experiencing a price increase, currently at 108.22, reflecting a rise of 3.9 or 3.74%. The stock has outperformed its sector today by 2.82%, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 7.29% against the 5-day average. Despite a year-to-date decline of 7.44%, the stock has shown a positive return of 9.48% over the past year, supported by a significant profit increase of 44.7%. The company's high dividend yield of 4.79% and a very attractive valuation with a 1.3 Price to Book Value further contribute to its positive outlook. Promoter confidence is also on the rise, with a 1.78% increase in their stake, reflecting optimism about the company's future.
In the broader market context, Steel City Securities Ltd has outperformed the Sensex in the short term, with a 1-week return of 4.23% compared to the benchmark's 0.77%. This trend of outperformance has been consistent, as the stock has also surpassed the Sensex over the past month with a return of 6.33%. However, it is important to note that while the stock has shown strong short-term performance, it faces challenges with long-term fundamentals, including a declining net sales figure and a lower average return on equity of 11.51%. Despite these concerns, the recent positive movements and rising investor confidence suggest a favorable sentiment surrounding the stock at this time.