Why is Chola Financial falling/rising?

As of 02-Jul, Cholamandalam Financial Holdings Ltd is experiencing a price increase, currently at Rs. 2,152.40, which reflects a rise of 33.4 points or 1.58%. The stock has recently hit a new 52-week and all-time high of Rs. 2,232.4, showcasing a strong performance today with an intraday high increase of 5.35%. Over the past week, the stock has outperformed the sector by 2.81% and has shown impressive returns, with a 1-month increase of 14.67% and a year-to-date rise of 53.95%. The company has consistently reported positive results for the last ten quarters, with net sales and cash equivalents reaching record highs, and a return on equity of 17.4%. Additionally, the stock is trading at a discount compared to its peers, which may attract further investment.
In the broader market context, Cholamandalam Financial's short-term performance significantly outpaces the benchmark, with a 1-week return of 5.51% compared to the Sensex's 0.79%. This strong performance is supported by high institutional holdings at 39.94%, indicating confidence from larger investors who typically have more resources to analyze company fundamentals. The stock's consistent returns over the last three years, coupled with a favorable PEG ratio of 0.8, further enhance its attractiveness to investors. Overall, the combination of strong financial results, positive investor sentiment, and solid market performance contributes to the stock's upward movement.