Why is Muthoot Finance falling/rising?

As of 03-Sep, Muthoot Finance Ltd is experiencing a price increase, currently at Rs 2,786.70, which reflects a rise of 91.5 points or 3.39%. The stock is close to its 52-week high, being only 0.48% away from Rs 2,800. The stock has shown strong performance today, outperforming its sector by 2.55% and reaching an intraday high of Rs 2,800. Additionally, Muthoot Finance has demonstrated solid returns over various periods, with a 30.16% increase year-to-date and a remarkable 41.40% rise over the past year. The company has consistently reported positive results for the last nine quarters, with a significant net profit growth of 65.12% and strong operating profit growth of 15.62%, which contributes to its strong buy recommendation.
In the broader market context, Muthoot Finance's short-term performance has significantly outpaced the benchmark Sensex, which has seen a slight decline of 0.27% over the past week. The stock's strong institutional holdings at 23.05% indicate confidence from investors with substantial analytical resources. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 38.07% against the five-day average. Despite this, the company's strong long-term fundamentals, including a high return on equity and consistent returns over the last three years, support the upward movement in its stock price.