Why is Muthoot Finance falling/rising?

As of 07-Oct, Muthoot Finance Ltd is experiencing a rise in its stock price, currently at 3,247.15, reflecting an increase of 20.15 or 0.62%. The stock has recently hit a new 52-week and all-time high of Rs. 3,257.6 and has outperformed its sector by 0.45%. Over the past week, Muthoot Finance has gained 5.57%, and in the last month, it has risen by 14.73%. The stock has shown consistent performance, gaining for six consecutive days with a total return of 7.69% during this period. Despite a decline in delivery volume by 18.6% against the 5-day average, the stock remains liquid enough for trading. The company has demonstrated strong long-term fundamentals, with a return on equity of 20.32% and a significant net profit growth of 65.12%, contributing to its positive momentum.
In the broader market context, Muthoot Finance's short-term performance has significantly outpaced the benchmark, with a 5.57% return over the past week compared to the Sensex's 2.07%. The stock's impressive returns of 72.45% over the past year further highlight its market-beating performance. High institutional holdings at 23.05% suggest confidence from knowledgeable investors, while the company's consistent positive results over the last nine quarters reinforce its strong position. However, it is worth noting that the stock is trading at a premium valuation, which may pose risks in the long term. Overall, the combination of strong fundamentals and recent performance metrics supports the stock's upward movement.