Why is Poonawalla Fin falling/rising?

As of 02-Jul, Poonawalla Fincorp Ltd is experiencing a price increase, currently at 465.15, which reflects a rise of 1.6 or 0.35%. The stock is trading close to its 52-week high, just 0.78% away from Rs 468.8, and has outperformed its sector by 1.58% today. Over the past week, the stock has shown a strong performance with a return of 6.01%, and it has generated a substantial 47.85% return year-to-date. Additionally, the stock has high institutional holdings at 21.1%, which have increased by 1.11% over the previous quarter, indicating confidence from these investors in the company's fundamentals.
In the broader market context, Poonawalla Fincorp's short-term performance significantly outpaces the benchmark, with a 1-week return of 6.01% compared to the Sensex's 0.79%. This trend of market-beating performance is consistent over longer periods as well, with the stock outperforming the BSE500 across various time frames. However, it is noteworthy that there has been a decline in investor participation, with delivery volume falling by 11.86% against the 5-day average, which may indicate a potential concern for future trading activity despite the current positive price movement.