Why is Steel City Sec. falling/rising?

As of 15-Jul, Steel City Securities Ltd is experiencing a price increase, currently at 109.02, which reflects a rise of 1.06 or 0.98%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Despite a decline in delivery volume by 37.97% compared to the 5-day average, the stock maintains a high dividend yield of 4.63%. Over the past year, Steel City has generated a return of 21.21%, significantly outperforming the benchmark Sensex, which has only increased by 2.48% during the same period. Additionally, the company's return on equity (ROE) of 13.2 and a price-to-book value of 1.3 suggest an attractive valuation relative to peers, while the recent increase in promoter stake by 1.78% signals confidence in the company's future.
In the broader market context, Steel City Securities has shown resilience, particularly in the short term, with a 2.70% increase over the past week, contrasting with the Sensex's decline of 1.28%. This performance highlights the stock's ability to attract investor interest despite a broader market downturn. However, it is important to note that the company faces challenges, including a weak long-term fundamental strength indicated by a lower average ROE of 11.51% and declining quarterly profits. These factors may temper the stock's upward momentum in the future, but the current positive sentiment and strong historical performance provide a favorable outlook for investors.