Why is Go Digit General falling/rising?

As of 26-Aug, Go Digit General Insurance Ltd's stock price is currently at Rs 377.00, reflecting an increase of Rs 6.5 or 1.75%. The stock has shown strong performance today, outperforming its sector by 3.7%, and has been on a gaining streak for the last two days, accumulating a total return of 2.7% during this period. The stock reached an intraday high of Rs 377.95, indicating positive momentum, while also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has risen by 3.84%, and it has delivered an impressive year-to-date return of 18.14%, significantly outperforming the Sensex, which has only increased by 3.39%. The company's strong fundamentals, highlighted by a 50.90% CAGR growth in operating profits and consistent positive results over the last five quarters, contribute to the stock's upward movement.
In the broader market context, while Go Digit General has shown resilience with a positive return, the finance/NBFC sector has seen a decline of 2.02%. This contrast emphasizes the stock's relative strength amidst a challenging sector environment. The stock's recent performance is further supported by increased investor participation, with delivery volume rising by 27.95% compared to the 5-day average. However, it is important to note that the stock is considered expensive with a price-to-book value of 7.6 and a return on equity of 10.1, which could pose risks for potential investors. Despite these concerns, the high institutional holdings at 22.67% suggest confidence from more knowledgeable investors, reinforcing the stock's positive trajectory.