Why is LKP Finance falling/rising?

As of 26-Aug, LKP Finance Ltd's stock price is rising, currently at Rs 614.00, reflecting an increase of Rs 6.05 or 1.0%. The stock has shown strong performance recently, gaining 16.07% over the last three days and outperforming its sector by 2.95%. It is also trading close to its 52-week high, just 4.66% away from Rs 642.6. Additionally, the stock has delivered impressive returns over various periods, including a 192.38% increase over the past year and a staggering 682.66% over the last three years. Positive factors contributing to this rise include a significant increase in promoter confidence, with promoters raising their stake by 51.26%, and consistent returns that have outperformed the BSE500 in recent years. However, there are concerns regarding long-term fundamental strength, as indicated by a low return on equity and negative financial results in the most recent quarter.
In the broader market context, LKP Finance's short-term performance stands in stark contrast to the benchmark, with the stock rising 14.34% over the past week while the Sensex has declined by 1.05%. This divergence highlights the stock's resilience and investor confidence amidst a generally weak market for the finance/NBFC sector, which has fallen by 2.01%. The rising investor participation, evidenced by a significant increase in delivery volume, further supports the stock's upward movement despite its expensive valuation relative to peers and recent negative financial results.