Why is Bajaj Finance falling/rising?

As of 08-Aug, Bajaj Finance Ltd is currently priced at 878.00, reflecting a decrease of 0.8, or 0.09%. The stock has shown mixed performance recently, with a slight increase of 0.12% over the past week, but a decline of 5.33% over the last month. Despite this recent downturn, the stock has outperformed its sector today by 0.62%, and it has demonstrated strong long-term fundamentals, including a robust average Return on Equity (ROE) of 17.05% and consistent positive results over the last 16 quarters. However, the stock is considered expensive with a high Price to Book Value ratio of 5.6, which may be a concern for some investors.
In the broader market context, while Bajaj Finance has generated a significant return of 33.43% over the past year, the benchmark index, Sensex, has only returned 1.23% during the same period. This indicates that Bajaj Finance has been able to outperform the market significantly, despite its recent price decline. The stock's performance is further supported by rising investor participation, as evidenced by a 30.72% increase in delivery volume compared to the 5-day average. However, the stock's premium valuation relative to its peers and the slower profit growth compared to its stock performance could be contributing factors to its current price movement.