Why is Bajaj Finance falling/rising?

As of 13-Aug, Bajaj Finance Ltd's stock price is currently at 860.45, reflecting an increase of 7.55 (0.89%). Today's price summary indicates that the stock's performance is in line with its sector, with a delivery volume that has risen significantly by 56.9% compared to the 5-day average. Although the stock has experienced a decline of 1.84% over the past week and 7.81% over the past month, it has shown strong year-to-date growth of 25.98% and a remarkable 33.02% increase over the past year. The company's strong fundamentals, including a healthy average return on equity of 17.05% and consistent positive results over the last 16 quarters, contribute to its recent upward movement, despite its relatively high valuation compared to peers.
In the broader market context, while the BSE500 index has generated negative returns of -0.64% over the past year, Bajaj Finance has outperformed significantly, achieving a return of 33.02%. This contrast highlights the stock's resilience and attractiveness to investors, particularly given its high institutional holdings of 36.31%, which suggest confidence from knowledgeable investors. Despite the stock trading at a premium valuation, the strong long-term growth prospects and positive financial results appear to be driving investor interest, contributing to the recent rise in its stock price.