Why is Fedbank Financi. falling/rising?

As of 22-Sep, Fedbank Financial Services Ltd is experiencing a price increase, currently at Rs 152.85, reflecting a change of 5.05 or 3.42% upward. The stock has shown strong performance, outperforming its sector by 3% today and is only 3.79% away from its 52-week high of Rs 158.65. Over the past week, the stock has risen by 1.90%, and over the last month, it has gained 7.45%. The company has demonstrated robust long-term growth, with net sales increasing at an annual rate of 33.40% and operating profits growing at 29.70%. Despite a slight decline in profits over the past year, the stock's return of 28.45% contrasts sharply with the negative performance of the broader market, indicating strong investor confidence bolstered by high institutional holdings of 20.88%.
In the broader market context, while the stock has outperformed the benchmark Sensex, which has only increased by 0.46% over the past week, Fedbank Financial Services Ltd's performance stands out with a significant year-to-date return of 48.18% compared to the Sensex's 5.15%. This indicates that the stock is not only resilient but also thriving in a challenging market environment, as evidenced by its ability to generate substantial returns despite the overall market's downturn. The liquidity of the stock remains adequate for trading, although there has been a notable decline in investor participation, with delivery volume dropping by 51.14% against the five-day average.