Why is Poonawalla Fin falling/rising?

As of 10-Jul, Poonawalla Fincorp Ltd's stock price is currently at 466.20, reflecting a decrease of 1.9, or 0.41%. The stock has been underperforming recently, having fallen for the last two days and showing a total decline of 0.75% during this period. Despite this short-term dip, the stock has demonstrated strong performance over the longer term, with a 48.19% increase year-to-date and a remarkable 1679.39% rise over the past five years. Additionally, the stock is currently 3.68% away from its 52-week high of Rs 483.35. Positive factors contributing to its resilience include high institutional holdings at 21.1%, 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 short-term performance has slightly outperformed the benchmark Sensex, which has seen a decline of 0.06% over the past week compared to the stock's marginal drop of 0.01%. This suggests that while the stock is experiencing a temporary setback, its overall performance remains strong relative to the market. The stock's liquidity is also favorable, with a delivery volume increase of 12.3% against the five-day average, indicating rising investor participation despite the recent price decline. Overall, while the stock is facing a short-term downturn, its long-term performance and institutional backing provide a solid foundation for potential recovery.