Why is Abans Financial falling/rising?

As of 04-Jul, Abans Financial Services Ltd is experiencing a price increase, currently at Rs 251.00, reflecting a rise of Rs 4.95 or 2.01%. The stock has shown positive momentum, gaining 3.51% over the last two days and outperforming its sector by 1.88% today. Despite a significant decline of 48.88% over the past year, the stock has recently demonstrated a 13.81% increase over the past month, indicating a potential recovery phase. The company has reported strong long-term fundamentals, with a 27.88% compound annual growth rate in operating profits and a notable increase in net sales by 72.50%. Additionally, the recent positive quarterly results and an increase in institutional investor participation suggest growing confidence in the company's future performance.
In the broader market context, while the Sensex has declined by 0.74% over the past week, Abans Financial has outperformed this benchmark with a 2.68% increase, highlighting its relative strength in the current market environment. The stock's performance today, alongside the positive trends in operating profits and net sales, indicates that investors are responding favorably to the company's fundamentals, despite its previous underperformance over the year. The increase in institutional stakes further supports the notion that informed investors are optimistic about the company's growth potential, which may contribute to the stock's upward movement.