Why is Summit Securitie falling/rising?

As of 17-Oct, Summit Securities Ltd is experiencing a price increase, currently at 2,259.25, with a change of 26.15, representing a rise of 1.17%. The stock has shown strong performance today, outperforming its sector by 1.21% and achieving a consecutive gain over the last three days, with a total return of 10.05% during this period. Additionally, the stock reached an intraday high of Rs 2,326.9, reflecting a 4.2% increase. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The recent positive financial results, including the highest quarterly net sales and operating profit margins, suggest a solid operational performance, although the stock has seen a decline of 18.99% over the past year, with profits down by 10.9%.
In the broader market context, Summit Securities has outperformed the Sensex in the short term, with a 1-week return of 3.54% compared to the Sensex's 1.76%. This indicates that the stock is gaining traction relative to the overall market. The significant increase in delivery volume, which rose by 642.23% against the 5-day average, suggests rising investor interest and participation, contributing to the stock's upward movement. Despite the stock's negative year-to-date performance of -24.47%, its current valuation appears attractive compared to peers, which may be encouraging investors to buy in at what they perceive as a discounted price.