Why is Bajaj Finance falling/rising?

As of 15-Sep, Bajaj Finance Ltd is experiencing a rise in its stock price, currently at 1,010.05, reflecting an increase of 6.85 (0.68%). The stock has reached a new 52-week high of Rs 1,025.75 today and has shown a strong performance over the past nine days, gaining 13.59% during this period. Additionally, the stock has outperformed the benchmark Sensex, with a weekly return of 6.97% compared to the Sensex's 1.24%, and has demonstrated impressive long-term growth with a year-to-date return of 47.88%. The company has consistently reported positive results for the last 16 quarters, with record net sales and profits, which, combined with high institutional holdings and strong fundamentals, contribute to the stock's upward momentum.
In the broader market context, Bajaj Finance's performance stands out as it has generated a return of 32.95% over the past year, while the overall market (BSE500) has seen negative returns of -3.45%. This significant outperformance highlights the company's resilience and attractiveness to investors, particularly given its strong long-term growth metrics and high return on equity. However, it is important to note that the stock is trading at a premium valuation compared to its peers, which could pose risks if market conditions change or if the company's growth does not meet investor expectations.