Why is Chola Financial falling/rising?

As of 01-Jul, Cholamandalam Financial Holdings Ltd is experiencing a decline in its stock price, currently at Rs 2,119.00, which reflects a decrease of Rs 50.7 or 2.34%. Despite this drop, the stock has shown strong performance over the past week, with a return of 3.73%, and a notable 12.76% increase over the past month. The stock is currently trading close to its 52-week high, just 3.79% away from Rs 2,199.4. However, today's performance indicates a reversal after two consecutive days of gains, with the stock underperforming its sector by 2.2%. The stock's trading volume has increased significantly, suggesting rising investor participation, although it touched an intraday low of Rs 2,105, indicating some volatility. The company has consistently reported positive results over the last ten quarters, with impressive net sales and cash equivalents, contributing to its attractive valuation compared to peers.
In the broader market context, Cholamandalam Financial has outperformed the benchmark Sensex over various periods, including a year-to-date return of 51.56% compared to the Sensex's 7.11%. This strong performance highlights the stock's resilience and appeal among investors, particularly given its high institutional holdings of 39.94%. However, the recent price decline may reflect profit-taking after a strong run, as well as market corrections following its previous gains. Overall, while the stock is currently facing a downturn, its long-term performance and fundamentals remain robust, suggesting that the recent decline may be temporary in nature.