Why is CreditAcc. Gram. falling/rising?

As of 01-Sep, CreditAccess Grameen Ltd's stock price is currently at 1,400.00, reflecting a slight increase of 0.4 (0.03%). The stock has recently hit a new 52-week high of Rs.1425.5 and has shown a positive performance over the last two days, gaining 4.59%. In terms of returns, the stock has outperformed the market significantly, with a year-to-date increase of 57.54% compared to the Sensex's 2.85%. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. The increase in delivery volume by 87.83% on 29 August suggests rising investor participation, which is a positive indicator for the stock's performance. The company's strong long-term fundamentals, evidenced by a 23.98% CAGR growth in net sales and high institutional holdings at 24.89%, further support its upward movement.
In the broader market context, while the stock has shown resilience and positive returns, the benchmark Sensex has experienced a decline of 1.56% over the past week and a negative return of 2.43% over the past year. This contrast highlights CreditAccess Grameen Ltd's ability to outperform the market despite broader negative trends. The stock's performance is particularly notable given that the BSE500 has generated negative returns of -4.75% in the last year, underscoring the company's market-beating performance. Overall, the combination of strong fundamentals, positive investor sentiment, and favorable technical indicators contributes to the stock's rising price.