Why is Bajaj Holdings falling/rising?

As of 30-Jun, Bajaj Holdings & Investment Ltd is experiencing a price increase, currently at Rs 14,313.45, which reflects a rise of Rs 253.45 or 1.8%. The stock has shown strong performance, having gained 4.46% over the last three days and is currently trading above all key moving averages, indicating positive momentum. It is also close to its 52-week high, just 3.91% away from Rs 14,873.2. The stock has outperformed its sector by 1.28% today and has demonstrated impressive long-term growth, with a 67.80% return over the past year and a remarkable 461.69% increase over the last five years. The strong long-term fundamental strength, highlighted by an 18.14% CAGR growth in operating profits, supports the stock's upward movement.
In the broader market context, Bajaj Holdings has outperformed the Sensex, which has only increased by 2.09% over the past week and 2.65% over the past month, while Bajaj Holdings has gained 6.44% and 6.13% respectively during the same periods. This significant outperformance indicates strong investor confidence and interest in the stock, further supported by a notable increase in delivery volume, which rose by 125.07% against the five-day average. The majority ownership by promoters also suggests stability and confidence in the company's future, contributing to the stock's rising trend.