Why is Muthoot Finance falling/rising?

As of 14-Aug, Muthoot Finance Ltd's stock price is rising, currently at Rs 2,757.55, reflecting an increase of Rs 246.8 or 9.83%. The stock has shown strong performance today, hitting a new 52-week and all-time high of Rs 2,799, and has outperformed its sector by 9.43%. After experiencing four consecutive days of decline, the stock opened with a significant gain of 8.33% and reached an intraday high of 11.48%. Over the past week, Muthoot Finance has risen by 4.00%, while its year-to-date performance stands at an impressive 28.80%. The company has demonstrated strong long-term fundamentals, with a consistent net profit growth of 65.12% and positive results for the last nine quarters, contributing to its strong buy sentiment among investors.
In the broader market context, Muthoot Finance's recent performance contrasts sharply with the Sensex, which has seen a slight decline of 0.03% over the past week. The stock's liquidity is also favorable, with a delivery volume increase of 52.32% compared to the five-day average, indicating rising investor participation. While the stock is trading at a premium valuation with a Price to Book Value of 3.8, its high institutional holdings at 23.05% suggest confidence from knowledgeable investors. Overall, Muthoot Finance's strong performance metrics and positive investor sentiment have contributed to its rising stock price amidst a generally flat market.