Why is Poonawalla Fin falling/rising?

As of 07-Jul, Poonawalla Fincorp Ltd is experiencing a decline in its stock price, currently at Rs 467.80, which reflects a decrease of Rs 4.85 or 1.03%. The stock has underperformed its sector today, falling after three consecutive days of gains, and it touched an intraday low of Rs 462.75. Despite this recent dip, the stock has shown strong performance over the past month with an increase of 11.09%, and it has significantly outperformed the benchmark Sensex over various periods, including a year-to-date return of 48.70%. Additionally, the stock is trading above its moving averages, indicating a generally positive trend, and there has been a notable increase in investor participation, with delivery volume rising by nearly 50% compared to the five-day average.
In the broader market context, Poonawalla Fincorp's short-term performance has been favorable compared to the Sensex, which has seen a slight decline of 0.20% over the past week. The company's high institutional holdings at 21.1% suggest confidence from sophisticated investors, which may provide stability despite the current price drop. The stock's long-term performance remains strong, having outperformed the BSE500 over the last three years, one year, and three months, indicating that while there may be short-term fluctuations, the overall outlook remains positive.