Why is Home First Finan falling/rising?

As of 25-Jun, Home First Finance Company India Ltd is experiencing a price increase, currently at Rs. 1,385.80, which reflects a rise of Rs. 45.3 or 3.38%. The stock has recently hit a new 52-week and all-time high of Rs. 1,390.05, demonstrating strong upward momentum. Over the past week, the stock has gained 8.69%, and in the last month, it has risen by 19.57%. The company has shown impressive performance with a 36.84% return over the past year, significantly outperforming the BSE 500 index. Positive factors contributing to this rise include strong long-term fundamentals, with operating profits growing at a CAGR of 36.14% and net sales increasing by 33.45%. The company has consistently reported positive results for the last 15 quarters, which bolsters investor confidence.
In the broader market context, Home First Finance's recent performance has outpaced the Sensex, which has only increased by 1.61% over the past week. The finance and housing sector has also seen a gain of 2.77%, indicating a favorable environment for the stock. Additionally, rising investor participation, as evidenced by a significant increase in delivery volume, suggests growing interest in the stock. However, it is important to note that the stock is trading at a premium compared to its peers, with a high Price to Book Value and a PEG ratio of 5.2, which may pose risks for future valuation. Overall, the combination of strong financial performance and positive market sentiment has contributed to the stock's upward movement.