Why is M & M Fin. Serv. falling/rising?

As of 29-Oct, Mahindra & Mahindra Financial Services Ltd is experiencing a price increase, currently at Rs 318.10, reflecting a rise of 18.2 points or 6.07%. The stock has reached a new 52-week high of Rs 329.5 today and has outperformed its sector by 6.01%. It has been on a gaining streak for the last three days, accumulating a total return of 6.71% during this period. The stock is trading above all its moving averages, indicating strong momentum. Positive financial results reported for the quarter ending September 25, including the highest net sales of Rs 5,026.19 crore and significant growth in profit before tax and profit after tax, have bolstered investor confidence. Additionally, the high institutional holdings at 41.88% suggest strong backing from knowledgeable investors, further supporting the stock's upward movement.
In the broader market context, M & M Fin. Serv. has significantly outperformed the benchmark Sensex, with a 1-week return of 5.91% compared to the Sensex's 0.68%, and a 1-month return of 16.76% against the Sensex's 5.76%. This strong performance relative to the benchmark indicates a favorable perception of the stock among investors, particularly in the short term. Despite a slight decline in delivery volume, which fell by 15.73% against the 5-day average, the overall market sentiment remains positive, contributing to the stock's rising price.