Why is Abans Financial falling/rising?

As of 29-Jul, Abans Financial Services Ltd's stock price is currently at Rs 226.00, reflecting an increase of Rs 5.85 or 2.66%. The stock has shown a positive trend today, outperforming its sector by 2.2% and reversing a two-day decline. It reached an intraday high of Rs 232.95, indicating strong intraday performance. Despite a year-to-date decline of 14.81% and a significant drop of 59.47% over the past year, the company has demonstrated strong long-term fundamentals, with a 27.88% CAGR growth in operating profits and a 72.50% annual growth in net sales. The recent positive results, including a net profit increase of 11.44% and a healthy EPS of Rs 5.60, have likely contributed to the stock's upward movement, alongside increased institutional investor participation.
In the broader market context, the stock's short-term performance has been favorable compared to the benchmark Sensex, which has declined by 1.03% over the past week while Abans Financial gained 2.24%. This contrast highlights the stock's relative strength in a challenging market environment. The increase in institutional investor stakes, which rose by 2.25% in the previous quarter, suggests a growing confidence in the company's fundamentals, further supporting the stock's recent rise. Overall, the combination of positive earnings reports and increased investor participation appears to be driving the stock's upward momentum, despite its longer-term challenges.