Why is Challani Capital falling/rising?

As of 25-Jul, Challani Capital Ltd's stock price is rising, currently at Rs 29.00, reflecting an increase of Rs 1.89 or 6.97%. The stock has shown strong performance today, outperforming its sector by 9.09%, and reached an intraday high of Rs 29.87, marking a 10.18% increase. Over the past week, the stock has gained 4.13%, while it has delivered an impressive 61.11% return over the last year, significantly outperforming the BSE500 index. Despite high volatility today, with an intraday fluctuation of 5.03%, the stock remains above its moving averages across multiple time frames, indicating a positive trend. The company has demonstrated strong long-term fundamentals, with an average Return on Equity (ROE) of 16.32% and healthy operating profit growth of 30.26% annually, contributing to its recent upward movement.
In the broader market context, while Challani Capital has performed well, the finance/NBFC sector has declined by 2.12%, highlighting the stock's relative strength. The stock's short-term performance contrasts with the Sensex, which has seen a slight decline of 0.36% over the past week. However, the falling investor participation, indicated by a 37.84% drop in delivery volume, suggests some caution among investors. Overall, the stock's ability to maintain strong returns in both the near and long term, coupled with positive financial results, supports its rising price despite broader market challenges.