Why is Bajaj Finance falling/rising?

As of 04-Aug, Bajaj Finance Ltd's stock price is currently at 885.35, reflecting an increase of 9.75, or 1.11%. The stock has shown a trend reversal, gaining after three consecutive days of decline. However, it has underperformed its sector by 0.51% today. In terms of returns, the stock has increased by 0.56% over the past week, while it has seen a decline of 4.31% over the past month. Despite this recent dip, the company has demonstrated strong long-term fundamentals, with a healthy average Return on Equity (ROE) of 17.05% and consistent positive results over the last 16 quarters, which may contribute to the current upward movement in price.
Broader Market Context: In comparison to the benchmark Sensex, which has increased by 0.16% over the past week, Bajaj Finance's performance has been slightly better, indicating a relative strength in the short term. However, the stock's performance over the last year, with a return of 31.65%, significantly outpaces the Sensex's minimal gain of 0.05%. This suggests that while the stock has faced some short-term challenges, its long-term growth potential and strong institutional backing may provide a buffer against broader market fluctuations, supporting its current rise in price.