Why is Manappuram Fin. falling/rising?

As of 17-Nov, Manappuram Finance Ltd is currently priced at 282.50, reflecting an increase of 1.1, or 0.39%. The stock has been gaining momentum, having risen for the last two days with a total return of 3.22% during this period. It is performing well against its moving averages, being higher than the 5-day, 20-day, 100-day, and 200-day averages, although it is lower than the 50-day average. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 43.14% compared to the 5-day average, indicating strong interest in the stock. The stock has also shown impressive year-to-date growth of 50.07% and a one-year return of 81.44%, significantly outperforming the benchmark Sensex.
In the broader market context, the stock's short-term performance over the past week shows a return of 1.62%, which is slightly below the Sensex's return of 1.69%. Despite this, the stock's overall performance remains robust, particularly in the longer term, where it has outperformed the benchmark significantly over one year and three years. The liquidity of the stock is also favorable, as it is liquid enough for a trade size of Rs 2.94 crore, further supporting its recent price movement. Overall, the combination of rising investor interest and strong historical performance contributes to the stock's upward trajectory.