Why is Chola Financial falling/rising?

As of 20-Jun, Cholamandalam Financial Holdings Ltd is experiencing a price increase, with its current price at Rs 2,042.00, reflecting a rise of Rs 82.85 or 4.23%. The stock has outperformed its sector today by 2.66%, reaching an intraday high of Rs 2042.05. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Over the past week, the stock has gained 2.56%, and it has shown impressive returns of 58.60% over the past year, significantly outpacing the benchmark Sensex, which has only risen by 6.36%. The company has reported positive results for the last ten consecutive quarters, with net sales and cash equivalents at their highest levels, contributing to its attractive valuation and consistent performance.
Broader market context indicates that Cholamandalam Financial's recent performance is not only a result of its strong fundamentals but also reflects a favorable comparison to the broader market. The stock has outperformed the Sensex over various periods, including a 10.14% increase over the last month compared to the benchmark's 1.50%. Additionally, high institutional holdings at 39.94% suggest confidence from more knowledgeable investors, further supporting the stock's upward movement. Despite a decline in delivery volume, the stock remains liquid enough for trading, which may also contribute to its resilience in price performance.