Why is Chola Financial falling/rising?

As of 24-Jun, Cholamandalam Financial Holdings Ltd is experiencing a price increase, with its current price at Rs 2,042.85, reflecting a rise of Rs 44.65 or 2.23%. The stock has outperformed its sector by 1.31% today and reached an intraday high of Rs 2,079.15, which is a 4.05% increase. Over the past week, the stock has shown a return of 1.38%, and over the last month, it has significantly outperformed the benchmark with a return of 12.39%. The company has reported positive financial results for the last ten consecutive quarters, including record net sales and cash equivalents, which contribute to its attractive valuation and strong institutional holdings at 39.94%. Despite a recent decline in delivery volume, the stock remains liquid enough for trading.
In the broader market context, Cholamandalam Financial has outperformed the Sensex, which has only increased by 0.58% over the past week. The stock's year-to-date return of 46.11% and one-year return of 58.51% further highlight its strong performance compared to the benchmark's 5.01% and 6.10% returns, respectively. This consistent outperformance over the last three years indicates robust investor confidence and suggests that the stock's positive momentum is likely driven by its solid fundamentals and favorable market conditions.