Why is Go Digit General falling/rising?

As of 30-Jul, Go Digit General Insurance Ltd's stock price is rising, currently at Rs 371.00, reflecting an increase of Rs 11.0 or 3.06%. The stock has shown strong performance today, outperforming its sector by 2.96%, and has been on a consecutive gain streak for the last three days, accumulating a total return of 6.52% during this period. Additionally, the stock has touched an intraday high of Rs 375.95, indicating positive momentum. The company has demonstrated robust long-term fundamentals, with a 50.90% compound annual growth rate (CAGR) in operating profits and a healthy annual growth rate of 34.60% in net sales. Furthermore, the stock has consistently declared positive results for the last five quarters, which has likely bolstered investor confidence.
In the broader market context, Go Digit's short-term returns have significantly outperformed the benchmark Sensex, which has declined by 1.50% over the past week while Go Digit has risen by 3.20%. This trend is further supported by a notable increase in investor participation, with delivery volume rising by 695.67% against the five-day average. Despite the stock's strong performance, it is worth noting that it has a relatively high valuation with a Price to Book Value of 7.5 and a return on equity (ROE) of 10.1, which may pose risks for some investors. However, the high institutional holdings at 22.67% suggest that knowledgeable investors are backing the stock, which could provide additional stability amidst market fluctuations.