Why is PNB Housing falling/rising?

As of 26-Jun, PNB Housing Finance Ltd is experiencing a rise in its stock price, currently at Rs 1,113.00, reflecting an increase of Rs 23.45 or 2.15%. The stock has shown strong performance today, outperforming its sector by 0.98% and achieving a consecutive gain over the last five days, with a total return of 7.23% during this period. It has also reached an intraday high of Rs 1,117.3. The stock is trading above its moving averages across various time frames, indicating positive momentum. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 114.09% compared to the five-day average. The company has reported positive results for the last ten consecutive quarters, with net sales and operating profit at their highest levels, contributing to a favorable outlook.
In the broader market context, PNB Housing's short-term performance has outpaced the benchmark Sensex, which has gained 2.94% over the past week, while PNB Housing has risen by 7.23%. The stock has demonstrated strong long-term performance as well, with a 40.49% return over the past year, significantly higher than the Sensex's 6.46% increase during the same period. High institutional holdings at 51.32% suggest confidence from sophisticated investors, further supporting the stock's upward trajectory. Overall, PNB Housing's robust financial results, positive market sentiment, and strong relative performance against benchmarks are driving its rising stock price.