Why is Authum Invest. falling/rising?

As of 22-Aug, Authum Investment & Infrastructure Ltd is experiencing a price increase, currently at Rs 2,982.00, reflecting a rise of Rs 91.9 or 3.18%. The stock has shown strong performance today, having outperformed its sector by 3.62% and is just 1.38% away from its 52-week high of Rs 3,023.25. Over the past week, the stock has gained 2.70%, and its year-to-date return stands at an impressive 73.12%. The company has demonstrated consistent returns, with a remarkable 81.75% increase over the past year and a staggering 1,907.40% over the last three years. Additionally, institutional investors have increased their stake, indicating growing confidence in the company's fundamentals, which include a strong return on equity and healthy long-term growth rates.
In the broader market context, the stock's short-term performance has significantly outpaced the benchmark, with a 1-week return of 2.70% compared to the Sensex's 0.88%. This trend of outperformance is consistent, as the stock has outperformed the BSE500 in each of the last three annual periods. Despite a recent decline in investor participation, as evidenced by a significant drop in delivery volume, the stock's liquidity remains adequate for trading. Overall, the combination of strong fundamentals, increasing institutional interest, and consistent historical performance contributes to the stock's rising price.