Why is Muthoot Microfin falling/rising?

As of 01-Sep, Muthoot Microfin Ltd is experiencing a price increase, currently at Rs 156.45, reflecting a rise of Rs 4.35 or 2.86%. The stock has outperformed its sector by 1.25% today and has reached an intraday high of Rs 156.45. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Despite a year-to-date decline of 10.24% and a significant drop of 31.19% over the past year, the company has shown strong long-term fundamental strength with a 45.40% CAGR growth in net sales. Recent positive results after three consecutive negative quarters, including a substantial increase in operating cash flow and profit after tax, have likely contributed to the stock's upward movement.
In the broader market context, Muthoot Microfin's short-term performance over the past week shows a slight decline of 0.48%, while the benchmark Sensex has fallen by 1.56%, indicating that the stock is holding up relatively well compared to the market. The rising investor participation, evidenced by a 7.03% increase in delivery volume, suggests growing interest in the stock, which may be bolstered by high institutional holdings at 25.89%. These institutional investors typically have better resources to analyze the company's fundamentals, which could further support the stock's price stability and potential for recovery.