Why is KIFS Financial falling/rising?

As of 12-Aug, KIFS Financial Services Ltd is experiencing a price increase, with its current price at Rs 172.00, reflecting a change of 2.1 (1.24%) upward. The stock has shown strong performance today, outperforming its sector by 2.15% and opening with a gain of 2.24%. It reached an intraday high of Rs 179.6, although it also touched a low of Rs 165.5 during the day. Over the past week, the stock has risen by 9.41%, while it has generated a return of 10.97% over the past year, significantly outperforming the benchmark Sensex, which has only increased by 0.74% in the same period. Despite a decline in delivery volume, the stock is trading above its moving averages, indicating positive momentum. However, it is trading at a premium compared to its peers, which may raise concerns among some investors.
In the broader market context, KIFS Financial's short-term return of 9.41% over the past week stands in stark contrast to the Sensex, which has declined by 0.59%. This divergence highlights the stock's resilience amid a generally negative market environment, where the BSE500 has reported a negative return of -2.11% over the last year. While the company has shown a solid profit increase of 13.3% over the past year, concerns about its long-term fundamental strength, indicated by a lower average Return on Equity (ROE) and negative results in March, may temper investor enthusiasm. Overall, the stock's recent rise can be attributed to its strong performance relative to the market, despite underlying concerns regarding its long-term fundamentals.