Why is Muthoot Finance falling/rising?

As of 05-Sep, Muthoot Finance Ltd's stock price is currently at 2,830.20, reflecting an increase of 3.55 (0.13%). The stock has been gaining momentum, having risen 5.01% over the last three days, and it is trading above all its moving averages, indicating strong upward momentum. The company recently hit a new 52-week high of Rs. 2875.35. Additionally, Muthoot Finance has shown impressive performance over various periods, with a year-to-date return of 32.19% and a one-year return of 42.30%, significantly outperforming the BSE500 index. The company has demonstrated strong long-term fundamentals, with a consistent return on equity of 20.32% and a net profit growth of 65.12%, contributing to its positive market perception.
In the broader market context, Muthoot Finance's short-term return of 7.37% over the past week significantly outpaces the Sensex's return of 1.13%, showcasing its strong performance relative to the benchmark. The stock's liquidity is also favorable, with a delivery volume that has increased by 7.5% against the five-day average, indicating rising investor participation. However, it is important to note that the stock is trading at a premium compared to its peers, with a price-to-book value of 3.9, which could pose a risk for some investors. Despite this, the high institutional holdings at 23.05% suggest confidence from more sophisticated investors, further supporting the stock's upward trajectory.