Why is Fedbank Financi. falling/rising?

As of 13-Jun, Fedbank Financial Services Ltd is experiencing a rise in its stock price, currently at Rs 117.04, reflecting an increase of Rs 2.44 or 2.13%. The stock has shown strong performance recently, gaining 15.88% over the last six days and outperforming its sector by 2.65% today. It reached an intraday high of Rs 118, although it also touched a low of Rs 111.17 during the day. The stock's performance over the past week has been particularly impressive, with a return of +12.41%, while its year-to-date return stands at +13.47%. The company has demonstrated strong long-term fundamentals, with a 29.70% compound annual growth rate (CAGR) in operating profits and a healthy growth in net sales, which has contributed positively to investor sentiment.
In the broader market context, while the Sensex has seen a slight decline of -1.30% over the past week, Fedbank Financial Services Ltd has significantly outperformed this benchmark. The stock's positive momentum is supported by high institutional holdings at 21.3%, indicating confidence from larger investors who typically have better resources for analyzing company fundamentals. Despite a year-over-year decline of -4.77% in the stock price, the company's strong operational metrics and rising investor participation suggest a favorable outlook, which has likely contributed to the recent upward price movement.