Why is Authum Invest. falling/rising?

As of 03-Jul, Authum Investment & Infrastructure Ltd is experiencing a price increase, currently at Rs 2,678.00, which reflects a rise of Rs 178.00 or 7.12%. The stock has been gaining for the last two days, with a total return of 7.56% during this period. It is also close to its 52-week high, being only 2.36% away from Rs 2,741.25. The stock has outperformed its sector by 7.64% today and is trading above all key moving averages, indicating strong momentum. Despite a decline in investor participation, as evidenced by a 27.12% drop in delivery volume compared to the 5-day average, the stock's strong fundamentals, including a high return on equity and significant growth in net sales and operating profit, support its upward movement.
In the broader market context, Authum Investment has shown a robust performance relative to the benchmark, with a 1-week return of +1.25% compared to the Sensex's -0.62%. Over the past month, the stock has gained 7.77%, while the Sensex has increased by 3.10%. This trend continues over longer periods, with the stock achieving a year-to-date return of 55.47% against the benchmark's 6.53%. The company's strong long-term fundamentals, including a favorable PEG ratio and consistent returns over the past three years, further bolster investor confidence, contributing to the stock's rising price.