Why is Bajaj Holdings falling/rising?

As of 01-Jul, Bajaj Holdings & Investment Ltd is experiencing a price increase, currently at Rs 14,400.00, which reflects a rise of Rs 86.55 or 0.6%. The stock has shown strong performance recently, gaining 5.09% over the last four days and is currently trading close to its 52-week high, just 3.29% away from Rs 14,873.2. Additionally, it has outperformed its sector by 0.74% today and is trading above all key moving averages, indicating positive momentum. The stock's impressive returns over various periods, including a 64.34% increase over the past year and a remarkable 463.20% over the last five years, highlight its strong long-term fundamental strength, supported by an 18.14% CAGR growth in operating profits.
In the broader market context, Bajaj Holdings has outperformed the Sensex, which has only risen by 2.00% over the past week compared to the stock's 4.73% increase. This trend of outperformance is consistent across multiple time frames, showcasing the stock's resilience and appeal to investors. The significant rise in delivery volume, which increased by 108.92% against the five-day average, indicates rising investor participation and confidence in the stock. Overall, the combination of strong performance metrics, positive investor sentiment, and solid fundamentals contributes to the stock's upward movement in the market.