Why is Home First Finan falling/rising?

As of 14-Jul, Home First Finance Company India Ltd is experiencing a rise in its stock price, currently at 1,386.00, with an increase of 4.9 (0.35%). The stock has been gaining for the last three days, showing a total return of 1.76% during this period. It reached an intraday high of Rs 1456, reflecting a 5.42% increase. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Additionally, the company has demonstrated robust long-term growth, with a 36.14% CAGR in operating profits and a consistent positive performance over the last 15 quarters, which has contributed to its recent upward movement.
In the broader market context, Home First Finance has outperformed the Sensex, with a 9.57% return over the past month compared to the benchmark's 1.40%. This trend is further supported by rising investor participation, as evidenced by a 43.4% increase in delivery volume. However, it is important to note that the stock is trading at a premium valuation compared to its peers, with a Price to Book Value of 5.7, which may pose a risk if the market adjusts to these valuations. Despite this, the company's strong fundamentals and market-beating performance in both the short and long term have bolstered investor confidence, contributing to the stock's recent rise.