Why is Muthoot Finance falling/rising?

As of 13-Jun, Muthoot Finance Ltd's stock price is rising, currently at 2,600.00, reflecting an increase of 47.8 or 1.87%. The stock has recently hit a new 52-week and all-time high of Rs. 2607 and has outperformed its sector by 2.39%. It has shown a strong performance over the past week with a return of 5.62% and a remarkable 17.20% over the past month. The stock has been gaining for the last two days, with a total increase of 2.3% during this period. Despite a decline in delivery volume by 35.12% against the 5-day average, Muthoot Finance maintains strong fundamentals, including a high return on equity of 19.55% and positive results for the last eight consecutive quarters, contributing to its upward price movement.
In the broader market context, Muthoot Finance's short-term performance significantly outpaces the benchmark Sensex, which has declined by 1.30% over the past week. The stock has consistently generated higher returns compared to the benchmark, with a 45.09% increase over the past year versus the Sensex's 5.61%. This strong performance is bolstered by high institutional holdings at 22.77%, indicating confidence from larger investors who typically have more resources to analyze company fundamentals. Overall, Muthoot Finance's robust financial results, positive market sentiment, and strong long-term performance contribute to its rising stock price amidst a challenging broader market environment.