Why is Poonawalla Fin falling/rising?

As of 04-Jul, Poonawalla Fincorp Ltd's stock price is currently at Rs. 472.65, reflecting an increase of Rs. 6.4 or 1.37%. The stock has recently hit a new 52-week high of Rs. 483.35 and has been on a positive trajectory, gaining 1.96% over the last three days. It has outperformed its sector by 1.24% today and is trading above all key moving averages, indicating strong momentum. Over the past year, the stock has generated a return of 13.45%, and in the last three years, it has outperformed the BSE500 index significantly, with a return of 105.86%. Additionally, high institutional holdings at 21.1%, which have increased by 1.11% over the previous quarter, suggest confidence in the company's fundamentals, further supporting the stock's upward movement.
In the broader market context, Poonawalla Fincorp's short-term performance has been notably strong, with a 3.74% increase over the past week, contrasting sharply with the Sensex, which has declined by 0.74% in the same period. This outperformance highlights the stock's resilience and attractiveness to investors, particularly in a challenging market environment. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 65.02% against the five-day average, which could indicate a potential concern for future liquidity. Nonetheless, the stock's strong historical performance and institutional backing suggest a solid foundation for continued growth.