Why is Optimus Finance falling/rising?

As of 21-Jul, Optimus Finance Ltd is experiencing a price increase, currently at 20.99, reflecting a change of 0.99 or 4.95% upward. The stock has shown a significant performance today, outperforming its sector by 4.09% and marking a trend reversal after two consecutive days of decline. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive momentum. Over the past week, the stock has risen by 17.33%, while it has also demonstrated impressive long-term returns, including a 102.61% increase over the past year and a staggering 487.96% over three years. However, there is a notable decline in investor participation, with delivery volume dropping by 85.04% compared to the 5-day average. The company has consistently reported positive results over the last four quarters, with cash and cash equivalents at their highest and net sales growing by 20.4%, contributing to the stock's recent upward movement.
In the broader market context, the stock's short-term performance stands in stark contrast to the benchmark, as the Sensex has seen a slight decline of 0.06% over the past week. While Optimus Finance has outperformed the benchmark significantly in the short term, it has underperformed year-to-date with a decline of 14.33% compared to the Sensex's 5.20% increase. Despite the positive short-term indicators, concerns about the company's long-term fundamental strength persist, particularly with an average Return on Equity (ROE) of 12.80% and a high Price to Book Value ratio of 2.7, suggesting that the stock may be trading at a premium compared to its peers.