Why is Adit.Birla Money falling/rising?

As of 24-Jun, Aditya Birla Money Ltd's stock price is rising, currently at Rs 185.75, reflecting an increase of Rs 9.65 or 5.48%. The stock has shown strong performance today, outperforming its sector by 4.56% and achieving a consecutive gain over the last three days with a total return of 6.94%. It opened with a gain of 2.73% and reached an intraday high of Rs 185.75. In terms of returns, the stock has increased by 15.30% over the past month, significantly outperforming the Sensex, which rose by only 0.41%. However, despite this positive short-term performance, the stock has a year-to-date decline of 29.48%, indicating underlying challenges. The company's operating profit has grown at an annual rate of 38.60%, but recent quarterly results show a significant drop in PAT and net sales, raising concerns about its financial health.
In the broader market context, the stock's recent rise contrasts sharply with its year-to-date performance, where it has underperformed the Sensex, which has gained 5.01% this year. While the stock has shown impressive long-term growth with a 244.94% increase over three years, the current valuation appears expensive with a Price to Book Value of 6.5, and domestic mutual funds hold no stake in the company, suggesting a lack of confidence among institutional investors. This combination of strong recent performance and troubling financial indicators creates a complex picture, indicating that while the stock is rising in the short term, there are significant concerns that may affect its sustainability moving forward.