Why is Summit Securitie falling/rising?

As of 27-Oct, Summit Securities Ltd is experiencing a price increase, currently at 2,424.35, reflecting a rise of 72.2 or 3.07%. The stock has outperformed its sector today by 2.79%, reaching an intraday high of Rs 2436.55, which is a 3.59% increase. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a notable decline in investor participation, with delivery volume falling by 37.19% compared to the 5-day average. Despite a year-to-date decline of 18.95%, the stock has shown strong performance over the past three years, with a return of 291.78%. Positive financial results reported for September, including the highest net sales and operating profit margins, contribute to the stock's favorable movement, although a decline in profits over the past year poses a concern.
In the broader market context, Summit Securities has significantly outperformed the Sensex in the short term, with a 1-week return of 4.48% compared to the Sensex's 0.49%. This indicates that while the stock has faced challenges over the longer term, it is currently gaining traction relative to the market. The stock's fair valuation and discount compared to peers may also attract investors, despite the negative trend in profits. Overall, the combination of strong recent performance metrics and positive quarterly results appears to be driving the stock's upward movement, even as it grapples with lower investor participation and historical profit declines.