Why is PB Fintech. falling/rising?

As of 07-Aug, PB Fintech Ltd's stock price is rising, currently at Rs 1,788.10, reflecting an increase of Rs 53.05 or 3.06%. Today's price summary indicates that the stock has outperformed its sector by 2.84% and has experienced a trend reversal, gaining after two consecutive days of decline. The stock reached an intraday high of Rs 1,790, and while it is above the 100-day and 200-day moving averages, it remains below the 5-day, 20-day, and 50-day moving averages. In terms of performance, the stock has shown a decline of 1.34% over the past week and 1.86% over the past month, but it has delivered a strong annual return of 17.77% over the last year, significantly outperforming the BSE500 in the last three years with a remarkable 213.54% increase.
In the broader market context, PB Fintech's recent price movement can be viewed against the backdrop of the Sensex, which has declined by 0.69% over the past week and 3.38% over the past month. The company benefits from strong long-term fundamentals, with a compound annual growth rate (CAGR) of 35.48% in operating profits and a 46.44% annual growth rate in net sales. Additionally, the stock has consistently delivered positive results over the last 13 quarters, with a significant increase in institutional holdings, which rose by 1.18% in the previous quarter. This institutional support suggests confidence in the company's future performance, contributing to the stock's upward movement despite recent short-term declines.