Why is Muthoot Finance falling/rising?

As of 14-Nov, Muthoot Finance Ltd is experiencing a significant rise in its stock price, currently at Rs 3,726.85, reflecting an increase of 335.65 or 9.9%. The stock has recently hit a new 52-week and all-time high of Rs 3,752.9, and it has outperformed its sector by 9.14%. Over the past week, the stock has gained 15.38%, and it has shown strong performance over the last month with a 15.83% increase. The company has demonstrated robust financial health, with a net profit growth of 82.53% and consistent positive results over the last ten quarters, contributing to its strong long-term fundamental strength. However, the stock is trading at a premium valuation compared to its peers, which may pose a risk for some investors.
In the broader market context, Muthoot Finance's performance has significantly outpaced the benchmark Sensex, which has only increased by 1.62% over the past week. The stock's strong returns of 74.07% year-to-date and 107.05% over the past year further illustrate its outperformance relative to the broader market, where the Sensex has only risen by 8.22% and 9.00%, respectively. This consistent outperformance, combined with high institutional holdings and rising investor participation, indicates a strong bullish sentiment surrounding Muthoot Finance, contributing to its recent price surge.