Why is Poonawalla Fin falling/rising?

As of 26-Jun, Poonawalla Fincorp Ltd's stock price is rising, currently at Rs 449.65, reflecting an increase of Rs 10.85 or 2.47%. The stock is close to its 52-week high, just 1.06% away from Rs 454.4, and has shown strong performance today, outperforming its sector by 1.14%. Over the past week, the stock has gained 9.47%, and it has also demonstrated impressive returns over longer periods, including a year-to-date increase of 42.93% and a remarkable 1385.96% rise over the last five years. Additionally, high institutional holdings at 21.1%, which have increased by 1.11% over the previous quarter, suggest confidence in the company's fundamentals, contributing positively to the stock's recent upward movement.
In the broader market context, Poonawalla Fincorp's short-term performance significantly outpaces the benchmark, with a 9.47% increase over the past week compared to the Sensex's 2.94% rise. This trend of outperforming the market is consistent, as the stock has also surpassed the BSE 500 in returns over the last three years, one year, and three months. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 19.39% against the five-day average, which could indicate a potential concern for future momentum despite the current positive performance.