Why is Chola Financial falling/rising?

As of 21-Jul, Cholamandalam Financial Holdings Ltd is experiencing a price increase, currently at Rs 2,135.00, reflecting a rise of 16.0 points or 0.76%. The stock opened with a significant gain of 8.49% today, reaching an intraday high of Rs 2,299, which marks a new 52-week and all-time high. Despite some volatility, with an intraday low of Rs 2,021, the stock has shown strong performance over various periods, including a 4.55% increase over the past month and a remarkable 52.70% year-to-date return. The company has consistently reported positive results for the last ten quarters, with net sales and cash equivalents at their highest levels, and it boasts a strong return on equity of 17.4%. Additionally, high institutional holdings at 39.94% suggest confidence in the company's fundamentals, contributing to the stock's upward movement.
In the broader market context, Cholamandalam Financial has outperformed the benchmark Sensex, which has seen a slight decline of 0.25% over the past month. The stock's strong returns, particularly a 43.25% increase over the last year compared to the Sensex's 1.98%, indicate robust investor confidence and positive sentiment surrounding the company. This performance is further supported by rising investor participation, as evidenced by a 21.57% increase in delivery volume, suggesting that more investors are willing to hold the stock long-term. Overall, the combination of strong financial results, attractive valuations relative to peers, and consistent returns over the past three years positions Cholamandalam Financial favorably in the current market environment.