Why is PNB Housing falling/rising?

As of 30-Jun, PNB Housing Finance Ltd's stock is rising, currently priced at 1,110.00, reflecting an increase of 6.3 (0.57%). The stock opened with a gain of 2.29% today and reached an intraday high of Rs 1128.95. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. The stock has shown impressive performance over various periods, with a 1-week return of 4.94%, a 1-month return of 6.28%, and a year-to-date return of 26.14%. Positive factors contributing to this rise include the company's consistent positive results over the last 10 quarters, with record net sales and operating profit margins. Additionally, a high return on equity of 11.5 and a favorable PEG ratio of 0.5 suggest that the stock is fairly valued, while high institutional holdings at 51.32% indicate strong investor confidence.
In the broader market context, PNB Housing's short-term performance significantly outpaces the benchmark Sensex, which has returned 2.09% over the past week and 2.65% over the past month. The stock's strong liquidity, evidenced by a substantial increase in delivery volume, further supports its upward trajectory. The company's ability to consistently outperform the BSE 500 over the last three years, alongside a robust profit growth of 28.4% in the past year, reinforces its attractiveness to investors. Overall, these factors suggest that PNB Housing Finance Ltd is experiencing a positive price movement driven by strong fundamentals and investor sentiment.