Why is Manappuram Fin. falling/rising?

As of 18-Sep, Manappuram Finance Ltd's stock price is currently at 292.35, reflecting a decrease of 0.9, or 0.31%. The stock has been underperforming recently, having fallen for the last two days with a total decline of 1.07%. Despite this short-term dip, the stock is trading above its moving averages for 5, 20, 50, 100, and 200 days, indicating a generally strong trend. Over the past year, it has generated a return of 39.15%, significantly outperforming the BSE500 index. The company also shows strong long-term fundamentals, with an average return on equity of 16.74% and high institutional holdings that have increased by 1.91% over the previous quarter, suggesting confidence from larger investors.
In the broader market context, the stock's performance over the past week shows a return of 1.78%, which is slightly below the Sensex's return of 1.80%. However, over the past month, Manappuram Finance has outperformed the benchmark, with a return of 9.51% compared to the Sensex's 2.14%. This indicates that while the stock is experiencing a short-term decline, its overall performance remains strong relative to the market, supported by rising investor participation and liquidity. The recent price movement may be influenced by market corrections after a period of strong gains, but the underlying fundamentals suggest a stable outlook for the company.