Why is CreditAcc. Gram. falling/rising?

As of 23-Jul, CreditAccess Grameen Ltd's stock price is rising, currently at 1,354.35, reflecting an increase of 75.95 or 5.94%. The stock reached a new 52-week high of Rs. 1374.6 today and has outperformed its sector by 5.4%. Despite opening with a loss of 2.22%, the stock managed to touch an intraday high of Rs. 1374.6, indicating strong upward momentum during the trading session. Over the past month, the stock has shown a significant return of 19.94%, while year-to-date, it has increased by 52.41%. Additionally, the company has strong long-term fundamentals, evidenced by a 20.59% CAGR growth in operating profits and a high institutional holding of 24.89%, which has increased by 0.83% over the previous quarter.
In the broader market context, CreditAccess Grameen Ltd's short-term performance of 4.35% over the past week significantly outpaces the Sensex, which only gained 0.11% in the same period. This indicates that the stock is not only performing well on its own but is also gaining traction relative to the overall market. However, it is noteworthy that there has been a decline in investor participation, with delivery volume falling by 50.85% against the 5-day average, which could be a concern for future price stability. Despite this, the stock's liquidity remains adequate for trading, suggesting that the recent price rise is supported by solid fundamentals and institutional confidence.