Why is Cholaman.Inv.&Fn falling/rising?

As of 07-Aug, Cholamandalam Investment & Finance Company Ltd's stock price is rising, currently at 1,488.15, reflecting an increase of 33.25 or 2.29%. The stock has shown strong performance today, outperforming its sector by 2.07% and reaching an intraday high of Rs 1490.85. Over the past week, the stock has gained 3.42%, while its year-to-date return stands at an impressive 25.42%. Despite a recent decline in delivery volume, which fell by 46.89% against the 5-day average, the company maintains strong fundamentals, with a consistent return on equity of 17.64% and robust growth in net sales and operating profit. The positive results over the last 11 consecutive quarters, including a significant increase in profit after tax and cash reserves, further bolster investor confidence.
In the broader market context, Cholamandalam's short-term performance contrasts favorably with the benchmark Sensex, which has declined by 0.69% over the past week. While the stock has experienced a slight decrease of 1.95% over the past month, it has significantly outperformed the Sensex, which has dropped by 3.38% in the same period. The high institutional holdings at 44.02% suggest that knowledgeable investors are backing the stock, which may contribute to its resilience in a fluctuating market. Overall, the combination of strong fundamentals and positive market sentiment appears to be driving the stock's upward movement.