Why is Poonawalla Fin falling/rising?

As of 03-Jul, Poonawalla Fincorp Ltd's stock price is currently at 466.25, reflecting an increase of 1.1 (0.24%). The stock has been performing well, with a notable rise of 3.69% over the past week and 16.03% over the last month, significantly outperforming the Sensex, which has seen a decline of 0.62% in the same week. The stock is also close to its 52-week high, just 0.55% away from Rs 468.8, and has shown consistent gains over the last two days. However, there has been a decline in investor participation, with delivery volume dropping by 61.61% compared to the 5-day average. The stock's strong performance is supported by high institutional holdings, which have increased by 1.11% over the previous quarter, indicating confidence from more knowledgeable investors.
In the broader market context, Poonawalla Fincorp's recent performance stands out, especially as it has generated a return of 48.20% year-to-date, compared to the Sensex's 6.53%. This significant outperformance over both the short and long term suggests that the stock is gaining traction among investors despite the recent drop in delivery volumes. The stock's ability to trade above its moving averages further reinforces its positive momentum, indicating a favorable outlook compared to the overall market trends.