Why is Go Digit General falling/rising?

As of 09-Jul, Go Digit General Insurance Ltd is experiencing a price increase, with its current price at 333.15, reflecting a change of 1.85 or 0.56% upward. The stock has shown a trend reversal, gaining after three consecutive days of decline. Despite a recent 1-week return of -1.99% and a 1-month return of -4.51%, the stock has demonstrated strong long-term fundamentals, with a compound annual growth rate (CAGR) of 50.90% in operating profits and a healthy annual growth rate of 34.60% in net sales. Additionally, the company has reported positive results for the last four consecutive quarters, which has likely contributed to the recent uptick in price. The rising investor participation, indicated by a 34.9% increase in delivery volume, also suggests growing interest in the stock.
In the broader market context, the Sensex has shown a slight gain of 0.15% over the past week, while Go Digit's performance has lagged behind with its negative return. However, the stock's year-to-date performance is positive at +4.40%, although it has underperformed compared to the Sensex's +6.91% during the same period. The high institutional holdings at 23.12%, which have increased by 1.47% over the previous quarter, indicate confidence from more sophisticated investors, potentially supporting the stock's recent price movement. Overall, while the stock has faced short-term challenges, its strong fundamentals and recent positive trends may be contributing to the current rise in price.