Why is Muthoot Finance falling/rising?

As of 08-Sep, Muthoot Finance Ltd's stock price is rising, currently at 2,900.60, reflecting an increase of 70.4 or 2.49%. The stock has recently hit a new 52-week high of Rs 2,931 and has outperformed its sector by 2.17%. Over the past four days, it has gained 7.62%, and it is trading above all key moving averages, indicating strong momentum. The company has shown robust financial performance, with a net profit growth of 65.12% and consistent positive results over the last nine quarters. Additionally, it boasts a strong long-term fundamental strength with an average return on equity of 20.32%, which supports the stock's upward movement.
In the broader market context, Muthoot Finance has significantly outperformed the benchmark Sensex, with a 1-week return of 6.98% compared to the Sensex's 0.53%, and a year-to-date return of 35.48% versus the Sensex's 3.39%. This strong performance is bolstered by high institutional holdings at 23.05%, indicating confidence from more sophisticated investors. However, there are risks associated with its expensive valuation, as it trades at a premium compared to its peers, which could impact future price movements. Despite this, the consistent returns over the last three years and the company's strong growth metrics contribute positively to its current stock price rise.