Why is Poonawalla Fin falling/rising?

As of 27-Jun, Poonawalla Fincorp Ltd's stock price is currently at 455.60, reflecting an increase of 5.95, or 1.32%. The stock has recently hit a new 52-week high of Rs.457.8 and has been gaining for the last two days, with a total return of 3.83% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Additionally, the stock has outperformed the sector by 1.23%. Despite these positive indicators, there has been a decline in investor participation, with delivery volume falling by 20.98% against the 5-day average. The stock's long-term performance has been impressive, with returns of 44.82% year-to-date and 12.09% over the past year, while institutional holdings have increased by 1.11% over the previous quarter, suggesting confidence from more knowledgeable investors.
In the broader market context, Poonawalla Fincorp has significantly outperformed the benchmark Sensex, which has only risen by 2.00% over the past week compared to the stock's 9.65% increase. This trend of outperformance is consistent across various time frames, including a 13.90% increase over the past month versus the Sensex's 3.07%. The stock's strong performance in both the short and long term, coupled with high institutional ownership, indicates a favorable outlook despite the recent drop in trading volume. Overall, the combination of positive price movements, strong returns, and institutional confidence contributes to the stock's rising trajectory.