Why is Manappuram Fin. falling/rising?

As of 03-Sep, Manappuram Finance Ltd's stock price is rising, currently at 287.95, reflecting an increase of 7.15 (2.55%). The stock has recently hit a new 52-week and all-time high of Rs. 292.55, demonstrating strong performance with a 9.97% gain over the last three days. It has outperformed its sector by 1.71% today and is trading above all its moving averages, indicating positive momentum. Additionally, the stock has shown impressive returns over various periods, including a 52.96% increase year-to-date and a 34.74% rise over the past year. The strong long-term fundamentals, highlighted by an average Return on Equity (ROE) of 16.74% and high institutional holdings that have increased by 1.91% over the previous quarter, further support the stock's upward movement. In the broader market context, while the Sensex has experienced a slight decline of 0.27% over the past week, Manappuram Finance Ltd has outperformed this benchmark with an 8.05% gain in the same period. This contrast underscores the stock's relative strength and investor confidence, particularly given the rising investor participation reflected in a 76.75% increase in delivery volume. The consistent returns over the last three years, alongside the stock's ability to outperform the BSE500 in each of the last three annual periods, reinforce the positive sentiment surrounding Manappuram Finance Ltd, contributing to its rising stock price.