Why is Manappuram Fin. falling/rising?

As of 09-Jun, Manappuram Finance Ltd's stock price is rising, currently at 264.75, reflecting an increase of 16.8 or 6.78%. The stock has recently hit a new 52-week and all-time high of Rs. 266.7, outperforming its sector by 4.83%. It has shown a consecutive gain over the last three days, with a total return of 13.68% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong bullish trend. The recent surge in investor participation is notable, with delivery volume increasing by 304.59% against the 5-day average. The company has demonstrated consistent returns, achieving a remarkable 47.91% return over the past year and outperforming the BSE 500 in each of the last three annual periods.
In the broader market context, Manappuram Finance Ltd has significantly outperformed the benchmark Sensex, with a 1-week return of 11.24% compared to the Sensex's 1.32% and a 1-month return of 15.64% against the Sensex's 3.76%. This strong performance is supported by the company's solid long-term fundamentals, highlighted by an average return on equity (ROE) of 16.74%. The technical indicators for the stock are also bullish, with improvements noted in various metrics such as MACD and Bollinger Bands. Overall, the combination of strong technical performance, increased investor interest, and consistent returns has contributed to the stock's upward movement.