Why is Bajaj Finance falling/rising?

As of 29-Jul, Bajaj Finance Ltd's stock price is currently at 887.00, reflecting an increase of 6.6 (0.75%). The stock has shown a trend reversal by gaining after three consecutive days of decline. It has outperformed its sector by 0.29% today, with a significant rise in delivery volume, which increased by 85.18% against the 5-day average. Despite a 6.87% decline over the past week and a 6.29% decline over the past month, the stock has demonstrated strong year-to-date performance with a 29.87% increase, significantly outperforming the benchmark Sensex, which has only risen by 4.09% in the same period. The company has maintained positive results for the last 16 consecutive quarters, indicating strong long-term fundamental strength.
In the broader market context, while Bajaj Finance has faced short-term challenges reflected in its recent declines, its long-term performance remains robust, especially when compared to the broader market, which has generated negative returns of -2.26% over the last year. The stock's high institutional holdings at 36.31% suggest confidence from knowledgeable investors, further supporting its valuation despite concerns over its high Price to Book Value ratio. Overall, the combination of strong fundamentals, positive quarterly results, and rising investor participation has contributed to the stock's recent upward movement, contrasting with its recent short-term declines.