Why is Chola Financial falling/rising?

As of 17-Jul, Cholamandalam Financial Holdings Ltd is experiencing a price increase, currently at Rs 2,146.70, reflecting a rise of Rs 33.3 or 1.58%. The stock has shown strong performance today, outperforming its sector by 1.91% and has been on a consecutive gain streak for the last three days, accumulating a total return of 4.57% during this period. It is also trading close to its 52-week high, just 3.99% away from Rs 2,232.4. The stock is performing well against its moving averages and has seen a significant increase in delivery volume, indicating rising investor participation. Positive financial results over the last ten consecutive quarters, including record net sales and cash equivalents, along with a favorable valuation compared to peers, have contributed to the stock's upward momentum.
In the broader market context, Cholamandalam Financial has outperformed the Sensex, which has seen a decline of 1.12% over the past week, while the stock itself has gained 1.28%. This trend of outperformance is consistent over longer periods, with the stock achieving a year-to-date return of 53.54% compared to the Sensex's 5.27%. The high institutional ownership of 39.94% suggests that informed investors are confident in the company's fundamentals, further supporting the stock's positive trajectory. Overall, the combination of strong financial performance, positive market sentiment, and favorable comparisons to the benchmark has led to the stock's rising price.