Why is Home First Finan falling/rising?

As of 25-Jul, Home First Finance Company India Ltd is experiencing a price increase, with its current price at Rs 1,473.05, reflecting a rise of Rs 54.05 or 3.81%. The stock has recently hit a new 52-week and all-time high of Rs 1,518.8, demonstrating strong performance today by outperforming its sector by 4.06%. Over the past week, the stock has gained 7.50%, and it has shown impressive growth with a year-to-date return of 38.95% and a one-year return of 42.67%. The company has consistently reported positive results for the last 15 quarters, with significant growth in net sales and operating profits, which contributes to its strong long-term fundamental strength. However, it is important to note that there has been a decline in investor participation, with delivery volume falling significantly against the five-day average.
In the broader market context, while Home First Finance has shown strong short-term performance, the benchmark Sensex has declined by 0.36% over the past week. This indicates that the stock is not only performing well in isolation but is also gaining traction compared to the overall market. The high institutional holdings at 59.08% suggest confidence from larger investors, which may further support the stock's upward trajectory. Despite the stock's premium valuation and a high PEG ratio, the positive growth metrics and consistent performance have likely outweighed these concerns, contributing to the stock's rising price.