Why is AastamangalamFin falling/rising?

As of 22-Jul, Aastamangalam Finance Ltd's stock price is rising, currently at Rs 53.14, reflecting an increase of Rs 3.13 or 6.26%. The stock has been on an upward trend, gaining for the last four consecutive days and achieving a total return of 18.09% during this period. It has outperformed its sector by 6.47% today and reached an intraday high of Rs 55, which is a 9.98% increase. Additionally, the stock has shown strong performance over various time frames, with a 66.11% increase over the past month and a remarkable 367.73% rise over the last three years. The company has consistently reported positive results for the last six quarters, with net sales and profit after tax both showing significant increases, contributing to a favorable perception among investors.
In the broader market context, Aastamangalam Finance Ltd has outperformed the Sensex, which has seen a slight decline of 0.47% over the past week, while the stock itself has surged by 15.45% in the same timeframe. This trend indicates strong investor confidence and participation, as evidenced by a 42.46% increase in delivery volume compared to the five-day average. Despite some concerns regarding long-term fundamental strength, as indicated by a lower average return on equity, the stock's fair valuation and robust recent performance have positioned it favorably against its peers, further enhancing its attractiveness in the current market environment.