Why is Steel City Sec. falling/rising?

As of 27-Jun, Steel City Securities Ltd is experiencing a price increase, currently at 115.38, reflecting a change of 6.17 or 5.65% upward. The stock has shown strong performance today, outperforming its sector by 5.56%. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Over the past week, the stock has gained 12.65%, while its one-year return stands at 22.95%. Positive factors contributing to this rise include a high dividend yield of 4.58%, increased promoter confidence with a 1.78% stake increase, and a favorable valuation with a Price to Book Value of 1.3. However, there are concerns regarding falling investor participation, as delivery volume has decreased by 27.34% against the 5-day average.
In the broader market context, Steel City Securities Ltd has significantly outperformed the Sensex, which has only increased by 2.09% over the past week. This strong relative performance highlights investor confidence in the stock despite some underlying weaknesses, such as a declining net sales figure and a lower long-term ROE of 11.51%. While the stock has shown impressive returns over the last three years, the recent drop in net sales and profit figures could pose challenges ahead. Overall, the stock's current upward movement appears to be driven by short-term positive sentiment and strong returns, even as it faces some long-term fundamental concerns.