Why is Bajaj Finance falling/rising?

As of 24-Sep, Bajaj Finance Ltd's stock price is currently at 1,029.90, reflecting an increase of 4.25 (0.41%). The stock has recently hit a new 52-week high of Rs. 1,035.95 and has outperformed its sector by 0.5%. It has been on a positive trajectory, gaining for the last three days with a total return of 3.72% during this period. The stock's performance over the past week shows a rise of 2.32%, while it has significantly outperformed the benchmark Sensex, which has declined by 1.18% over the same timeframe. The company's strong fundamentals, including a consistent return on equity of 17.05% and impressive growth rates in net sales and operating profit, contribute to its bullish outlook. Additionally, high institutional holdings and a strong market position further bolster investor confidence.
In the broader market context, while the BSE500 has experienced negative returns of -5.32% over the past year, Bajaj Finance has managed to achieve a remarkable return of 36.75%, highlighting its resilience and market-beating performance. The stock's liquidity is also favorable, with a delivery volume increase of 22.33% against the 5-day average, indicating rising investor participation. However, it is important to note that the stock is considered expensive with a price-to-book value of 6.6, which may pose risks for potential investors. Despite this, the overall positive sentiment surrounding the company's strong financial results and consistent performance supports the upward movement in its stock price.