Why is Fino Payments falling/rising?

As of 13-Jun, Fino Payments Bank Ltd's stock price is rising, currently at Rs 283.15, reflecting an increase of Rs 17.1 or 6.43%. The stock has shown strong performance today, outperforming its sector by 6.95% and achieving a consecutive gain over the last three days with a total return of 7.03%. The stock reached an intraday high of Rs 288.75, indicating positive momentum, although it also experienced a wide trading range with a low of Rs 258.45. Despite a year-to-date decline of 10.79%, the stock has performed well in the short term, with a 14.47% increase over the past month. The company's long-term fundamentals are strong, with a significant growth rate in net sales and operating profits, although it faces challenges such as falling participation from institutional investors.
In the broader market context, Fino Payments Bank's recent performance contrasts sharply with the Sensex, which has declined by 1.30% over the past week. This divergence highlights the stock's resilience in a generally weak market. While the stock has shown positive short-term returns, it is important to note that institutional investors have reduced their stakes, which could indicate a lack of confidence in the stock's long-term prospects. The overall market sentiment may be affecting investor participation, as evidenced by the decrease in delivery volume.